Perp DEX trading volume has tripled in a year, but it seems like the good days for 'volume manipulators' are coming to an end?**

> I have seen a lot of data saying that Perp DEX accounts for 11.7% now, but recently I have also seen people say that generating volume for airdrops is a 'numbers game', unsustainable, and there are platforms that have been delisted for volume manipulation.

> **Let's throw out a few questions for everyone to discuss:**

> 1. Which Perp DEX are you still using to generate volume? Are you focusing on those like GRVT, EdgeX that haven't issued tokens, or are you playing with those that have already issued tokens?

> 2. Is pure volume manipulation still effective? Do we all have to use **hedge arbitrage** to break even now?

> 3. How do you think project teams can filter out real users? How will the next airdrop rules change?”