A new wave of perpetual decentralized exchanges (Perp DEXs) is gaining attention, following the success of platforms like Hyperliquid and Lighter. Among the notable projects is Paradex, which offers robust liquidity and privacy features on a fast Layer 2 infrastructure. StandX, built on BNB Chain and Solana, features a unique structure using the interest-bearing stablecoin $DUSD as collateral. Nado, developed by Kraken's core engineering team, operates on the @inkonchain platform using a CLOB model. Pacifica, created by former FTX members, is a Solana-based Perp DEX developed without venture capital. Extended, developed by a team from Revolut, combines off-chain CLOB matching with on-chain settlement on Starknet. Other projects include Cascade, which has faced scrutiny over its funding but remains popular among influencers, and Variational, an Arbitrum-based P2P Perp DEX with zero fees and a loss refund mechanism. RISEx, built on @risechain, offers CEX-level performance and has integrated BSX Labs' technology. MemeMax is already widely viral, and GRVT utilizes zkSync Atlas for its hybrid exchange model.