"Don't trust someone based on their blue eyes."
As a retail investor, my research started off positively:
• Steady token price. • Growth possibilities with only an $11.4M market cap. • APEX has substantial backing from major players in the industry, including Dragonfly Capital, Jump Trading, Tiger Global, Kronos, M77 Ventures, and Mirana (Bybit).
Bybit? A centralized exchange (CEX) supporting a decentralized exchange (DEX)? That's interesting.
So far, things were going well, and I was considering giving it 4 stars, but I discovered some interesting findings in the contract (see images 2 and 3).
In conclusion, while dYdX is the first to enter the market and has gained my trust, I recommend keeping an eye on APEX as it has the potential to surpass their competitors, GMX and dYdX. However, they won't remain idle.
So the downsides—the limited choice of trading instruments, and the (small) red flags in the contract. I give it 2 stars because the warnings do not necessarily imply harm (false positive?). DYOR. Show Less
