What is perp dex?

Introduction:

Ethereum ecosystem experienced a massive growth by population even in bear market of rollup L2s because these solutions aim to process transactions and execute smart contracts off-chain or in a more efficient manner, alleviating the network congestion and high gas fees often associated with the main Ethereum network (Layer 1).

Once upon a time, in the enchanted world of blockchain, two powerful entities, Equity and Token, emerged to vie for supremacy over the realm of digital assets. Each harbored unique abilities and strengths, and they both sought to lead the crypto kingdom into an era of decentralized prosperity.