Perp DEXs Emerge as Challengers to Traditional Banking Dominance

BTCCSquare news:Perpetual decentralized exchanges (Perp DEXs) are no longer niche players. Delphi Digital’s latest analysis positions them as potential successors to banks, offering bundled financial services—trading, credit, and custody—on a single blockchain stack. The shift reflects growing trader preference for infrastructure that eliminates intermediaries, reduces costs, and operates 24/7, even amid token volatility. Hyperliquid’s pivot into native lending underscores the trend. Perp DEXs, which facilitate Leveraged perpetual futures contracts without expiry dates, are encroaching on territory long held by centralized exchanges and traditional derivatives desks. Legacy finance, burdened by fragmentation and high operational costs, struggles to match the efficiency of decentralized alternatives. Delphi’s 2026 outlook frames this as structural inevitability. As DeFi protocols mature, their ability to consolidate financial functions threatens to erode the dominance of traditional institutions. The move isn’t speculative—it’s a recalibration of market architecture, driven by demand for seamless, low-friction trading.