2026-01-19 14:33:07

Perp DEX's Big Show

To talk about the most magical operation in the Crypto circle this month, Trove Markets has given us a complete textbook-level case of a project failure.

This DEX, which focuses on perpetual contract trading, has managed to put itself through all the stages of the "standard script" for projects—in just one month—ranging from community doubts, operational chaos, to ultimately, trust collapse.

Interestingly, each step seems so "just right" in its lack of professionalism. You might say it's a technical problem, but not entirely; you might say it's intentional, but it seems a bit amateurish. The whole feeling is like watching a full demonstration of "how to quickly lose user confidence."

This incident once again reminds us: when choosing trading platforms and DeFi protocols, pay attention to those details—team transparency, risk management, emergency response speed. These often reveal more than promotional words. Many traders have already discussed related risks within the community, but they didn't receive enough attention.

In early 2026, the crypto market will undoubtedly see many such turbulent projects.

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SelfCustodyBro

· 19h ago

Trove's operation is truly amazing. In one month, I have tried all the pitfalls, making it a perfect tutorial video.

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MeaninglessGwei

· 19h ago

Another great show, Trove's move is absolutely brilliant. A complete failure in just one month, it serves as a textbook-level cautionary tale.

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BlockchainBrokenPromise

· 19h ago

I should have known earlier that Trove's recent moves are truly a textbook example of a failed project. But honestly, every time someone gives an early warning, no one listens, and that's the most heartbreaking part.

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LongTermDreamer

· 19h ago

Haha, that's why I said three years ago that you need to look at the team's actual operations rather than just listen to their hype... Trove's release is really amazing, a vivid example of a cautionary tale. Aren't the tactics of those failed projects from earlier years all the same? It's just that this time it's more naked... Let's wait three years to see how many of these players are still around.

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CryptoTherapist

· 19h ago

ngl, watching trove implode is like a masterclass in portfolio trauma. every step felt *too* perfectly orchestrated for "accident"—that's when you know your psychological resistance levels just got tested hard. the market anxiety this creates? chef's kiss, textbook case study.

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