The perpetual futures exchange landscape is undeniably crowded at this stage, with literally hundreds of offerings available.

Many offer similar user experiences and features, and only the top 20 or so have attracted a meaningful amount of trader capital or volume. Fewer still can compete with centralized exchanges in terms of order execution and liquidity.

Newcomer D8X, which is now available on Arbitrum, has several features that its founders hope will let it stand out from the crowd.

It’s a full-fledged on-chain perp DEX protocol using an automated market-making (AMM) approach with no centralized order book.

The protocol is designed to be a white label product, with an open-source…

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