A fresh perp DEX just smashed its funding targets. The project aimed to raise 2.5M but surged past 7M in commitments—still climbing as investors pile in.

What's the appeal? They're building infrastructure to trade perpetual contracts on collectibles, real-world assets, equities, and prediction markets. Essentially, you can go long or short on everything from luxury goods like Birkins to trading cards like Charizards. It's an interesting angle on bringing non-traditional assets into the derivatives market.

The oversubscription momentum speaks volumes about market appetite for niche trading venues. Whether this model can sustain traction beyond the hype cycle will be the real test.