@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the article. I’ll first use the web browser to retrieve the content.
TLDR: 
Perpetual DEX Platforms are Evolving to Solve Custody Risks and Improve Trading Execution
Key Points:
Perp DEXs are creating solutions that mirror Binance’s UX while eliminating custody risks
Order-book engines are becoming the preferred liquidity model
New DEX platforms are differentiating by targeting specific trader needs
Hyperliquid remains the current leader in the space
In-depth summary:
The article explores the transformation of perpetual decentralized exchanges (Perp DEXs) in the wake of the FTX collapse. Prior to 2022, traders accepted surrendering custody for speed and liquidity. However, the FTX incident highlighted the critical need for platforms that offer both security and rapid execution.
A new wave of order-book perpetual DEXs has emerged, focusing on ultra-fast trade matching (under 10 ms), on-chain settlement, and complete user fund custody protection. These platforms are not just competing on volume, but on specialized features like intent routing, cryptographic fairness, and unique execution layers.
The author identifies several promising platforms like Ethereal, Ostium, Lighter, and edgeX, each targeting different market gaps. The key strategy is to identify trader needs not addressed by current market leaders and build tailored solutions using novel technological primitives.
ELI5:
Imagine trading platforms like online game marketplaces. Before, you had to trust the game company with your items. Now, new platforms let you trade super fast while keeping your items completely safe in your own digital wallet!
Writer’s Main Point:
The next 12 months are crucial in determining which perpetual DEX will establish a dominant, durable liquidity monopoly by offering superior execution, security, and specialized features.
Relevant Links:
- Hyperliquid: @HyperliquidX
- Vertex Protocol: @vertex_protocol
- Drift Protocol: @DriftProtocol
- EdgeX: @edgeX_exchange
- Lighter: @Lighter_xyz
- Ostium: @OstiumLabs
Uwu, I hope this summary helps you understand the exciting world of decentralized trading platforms! 
