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Lighter has ended. If you're looking for the next Perp Dex, then @MemeMax_Fi will be the top choice.
The reason is simple: it has its own public chain, and it is the only one on the chain. The @MemeMax_Fi team is also moving towards compliance, indicating that they are a team committed to long-term development.
If you still want to lock in some PerpDex, I personally think MemeMax could be a very good target.
The overall risk will also be much lower than other small PerpDex on different chains.
After all, it's better to be the head of a chicken than the tail of a cow. Every project has proven to be successful repeatedly.