Comers

Generation DeFi

@0xCom3rs

[Comers @0xCom3rs]

Perp DEX Analytics

Checked out a few interesting DEXs today — Lighter, EdgeX, Pacifica, and Hibachi

@Lighter_xyz — insane volumes ($230B/30d), but honestly feels overcrowded. Getting in now is like entering a room where everyone’s already farming rewards.

@edgeX_exchange another monster ($130B/30d), but competition is crazy high, small volumes barely make a difference.

@pacifica_fi — a fresh wave with steady growth ($24B/30d), still in the early formation phase — interesting, but not yet “meta”.

@hibachi_xyz — the real surprise.
- Super clean interface
- Smooth UX
- And most importantly — a friendly, active community.

Current volume is around $1.8B/30d, but the potential is huge. Feels like it’s just getting started.
In my opinion, Hibachi looks the most promising one right now. If the team keeps this momentum — it might become the next big thing in the perp sector.

📎 Data from DeFiLlama
(Pacifica / Lighter / EdgeX / Hibachi)
#DeFi #PerpDEX #Crypto #Hibachi #EdgeX #Lighter #Pacifica

[Comers @0xCom3rs]

Had a conversation with a taxi driver today about global markets.

Stocks, geopolitics, macro — we were on the same page.

But when it came to crypto?
Complete disagreement.

That gap says a lot about how people really view this market.

Writing a deeper breakdown. Dropping soon.

[Comers @0xCom3rs]

3 months silence wasn’t random.

I stepped back because the edge disappeared.

Crypto right now:

inflated expectations → weak reality
airdrops → diluted
timelines → constantly shifting

If you’re trading this without an edge — you’re not trading, you’re gambling.

Positioning:

→ no blind entries
→ no chasing narratives
→ capital preserved > ego satisfied
Past months:
farmed nodes → took profits

avoided low-quality rotations

stayed liquid
While most were forcing trades — I did nothing.
And that is a position.

Current focus:

Polymarket / Abstract / Base

OS cashback flows

selective trades (Variational)
expanding outside crypto (real leverage > hype)
No rush. No FOMO.

When the market gives real opportunity — I’ll be there.

Until then:
discipline > activity.

#Crypto #Web3 #DeFi

[Comers @0xCom3rs]

@CoinbaseMarkets hmmm...

$FIGHT

[Comers @0xCom3rs]

When people ask me what the best Perp DEX is — I don’t hesitate.

The answer is @hibachi_xyz

Fast execution.
Deep liquidity.
Smooth interface

If you trade perps, you already know. 🥢

#Hibachi #PerpDEX #DeFi #CryptoTrading

[Comers @0xCom3rs]

Oops… what do we have here? 👀

Got my Hibachi NFT as promised
Guess I’m officially part of the @hibachi_xyz fam now.

#Hibachi #NFT #Airdrop #Web3

[Comers @0xCom3rs]

@cascade_xyz Someone DM with code plz

thanks 🙏

[Comers @0xCom3rs]

2026...

[Comers @0xCom3rs]

My drops in 2025

Received drops:
- Pengu drop
- Trump spot
- Sonic SWM drop
- Solayer drop
- Analog testnet drop
- Hyperlane drop
- Zora drop & spot buy
- Doodles drop
- Sophone drop
- ICNT Node
- MYX trade drop
- Towns drop
- Solana Name Service drop
- Limitless drop
- Aster drop (Season 1 & 2)
- Meteora drop + farm fees
- Monad drop
- Pain sale
- Och abstract farm
- NFT SegMint flip
- Sale Solomon

Rekt this year:
- Balance node (sale & drop)
- Camp NFT & drop
- Almanak sale
- Ranger Finance

Projects I’m working on:
- Hey Elsa
- Hibachi
- Edgex
- Lighter
- OS
- Opinion
- Polymarket
- Abstract
- Titan
- Tempo

What about your drops this year?

[Comers @0xCom3rs]

Hello everyone
I haven't been here for a long time, but I'm always online.
And now I'll start sharing my drops this year - it'll be interesting.

[Comers @0xCom3rs]

@hibachi_xyz Hibachiooo!

[Comers @0xCom3rs]

Long ETH?
If I were to enter a position, I'd choose @hibachi_xyz

#DeFi #PerpDEX #Crypto #Hibachi

[Comers @0xCom3rs]

@monad 0x9484d1d2535a49ed93e49fdfeca66a30a066c298

[Hibachi @hibachi_xyz]

point leaderboard for the nft competition is updated

top 250 point earners this month will eat, and the cutoff as of now is only 734 points…

[Stace @zeror1sk]

To be honest, as a simple guy who has nothing to do with VCs or project teams, who has been here since 2018 and has seen a lot, words like the ones here affect me to the core: https://t.co/AKbCcDtc2N
But I will try to be as objective as possible.

Many have seen these graphs, where the tokens of projects whose teams have conducted airdrops have a perpetually red graph. Before we had enough new data on projects that held a token sale instead of an airdrop, these charts looked impressive and truly convinced us that an airdrop is a problem for a project and brings no practical benefit. But now, it has been almost a year since active token sales began, and we can look at some preliminary results.

First, I would like to explain how the research was conducted.
- All projects conducted their TGE in 2025.
- The projects are divided into two categories: those that had a token sale and those that did not, but had a classic airdrop. It is important to note that some projects, for example, all projects from buildpad, also conducted an airdrop.
- In the "sale" category, I did not include projects that only had a launchpool on an exchange, due to the small supply of tokens being sold.
- The fairness of distribution for some airdrops, such as kgen, is difficult to verify, but I also have no data to suggest that the team distributed tokens to themselves, as was the case with apriori (which I did not include in the selection).
- In most cases, the initial FDV was based on the 5-minute chart and indicates the price at which a retail investor could sell the token. However, the high of the candle is not taken into account; instead, the average price over the specified time period is used. Sometimes, when a project was launched at the beginning of the year, the 1-hour chart was used as the source data.

First, I suggest you take a look at the raw numbers for projects, broken down by various launchpads. Here, in addition to the initial and current FDV, the prices at which the tokens were sold are listed. For retail investors, token sales are generally beneficial. They don't have to think about the criteria the team will use to distribute an airdrop. They are given the terms and they simply buy the token. The last column is the ratio of the current price to the initial price of the token. Many will say, well, that's the market, nothing you can do about it. And they will be right.

Now, let's sort this table from the most successful performance to the worst.

Many evaluate the success of a project based on how much they earned. But I repeat, this is not about retail investors. This is about VCs, who for some reason are trying to prove to us that the entire problem of why project tokens only have a downward movement lies in airdrops. Most of the projects shown here have a clear vertical downward chart. Now let's take a look at how things are with projects that had an airdrop but no token sale.

Doesn't it seem strange to you that out of 36 projects that conducted a token sale, only 5 are trading above the TGE price? 3 of which are relatively small, barely reaching a $150m capitalization, while at the same time, out of 20 projects that conducted an airdrop instead of a token sale, 4 projects are trading above TGE and have a capitalization of more than $300m?

Now, looking at these numbers, tell me: were airdrops the problem?

[Comers @0xCom3rs]

Yes, I heard about @extendedapp , it is very interesting and the team is well-known, but I trust @hibachi_xyz and their team more, also a significant factor is when the project plans to enter the market, @hibachi_xyz plans to enter the market in 1-2Q 2026, and @extendedapp is after 2Q 2026 and I have no idea what the market will be like, so I am not looking at the project yet.

[Comers @0xCom3rs]

Hey everyone
Over the last few months, I’ve been thinking a lot about the current narratives and projects in crypto.

Right now, the Perp DEX meta is everywhere — many of my friends fell into FOMO and rushed to trade on @Lighter_xyz to farm points.
Personally, I made my choice a while ago: I trade on @hibachi_xyz .
It would be amazing to see @hibachi_xyz integrated into @ranger_finance so we could route-open and close positions directly.

Another interesting narrative emerging is prediction markets, and it all started with @trylimitless .
I’ve tried trading on @opinionlabsxyz , @Polymarket , and @Kalshi — I’ll keep exploring.
But honestly, @Polymarket is my favorite: it’s stable, has tons of events, and lets you back your beliefs with real money.

We also had the MEGAETH sale — I didn’t apply because, in my opinion, it’s way overvalued.
Soon we’ll see the MON sale, and this one looks promising — I think it can perform well, and I’m definitely positive about it.
Also, I received the token drop — really grateful for that.

I also played a bit in @opensea Season 2 and once again pulled a Cobalt chest — curious to see the rewards now and at TGE.

Projects I’m waiting for next:
@ranger_finance
@HeyElsaAI
@almanak

That’s my take.
What about yours?

#Crypto #DeFi #PerpDEX #Hibachi #PredictMarkets #Web3

[Comers @0xCom3rs]

@monad 0x9484d1d2535a49ed93e49fdfeca66a30a066c298

[Comers @0xCom3rs]

Not bad, thank you @monad