Leverage in financial markets will always have demand, whether equity based assets, commodities, or token based assets. This is a historical trend that has not buckled. Providers of leverage (i.e. exchanges) benefit from this constant stream of demand. While centralized exchanges are the main providers of leverage within crypto markets, over the last couple of years, onchain alternatives like dYdX, GMX, Synthetix, Perpetual Protocol have set out to compete with centralized exchanges, and have...