So far, I’ve identified three “onchain CEXs” (co-)built or incubated by their respective infrastructure core teams. @DecibelTrade – Aptos Labs is co-building Decibel with the Decibel Foundation. @MonacoOnSei – Incubated by Sei Labs, built by Monaco Research. @flyingtulip_ – Founded by Andre Cronje, who also founded Sonic. Flying Tulip is built on Sonic. I once read a tweet from a SUI co-founder mentioning their intention to launch a CEX on SUI, so this might already be in the pipeline. I expect many L1s and L2s to launch similar projects. Hyperliquid’s insane traction, combined with perps and spot DEXs gaining ground over CEXs, sends a clear signal. There may already be more products out there (I haven’t looked deeply into it yet)