Thoughts on the future of perpetual trading DEXs?

Hey guys, I've been digging into perpetual trading and noticed there's a bunch of new DEXs out there aiming to match the performance of centralized exchanges. I recently stumbled upon one called Baumz, which boasts some crazy stuff like up to 1024x leverage, profit-only fees, and a Tri-Proof Oracle for accurate pricing. From what I've gathered, it’s trying to mix the transparency of DeFi with the speed of centralized exchanges more of a hybrid approach. Has anyone here given it a shot or checked it out? Do you think this model (profit-based fees and super high leverage) could lure serious traders away from centralized exchanges? I'm really interested in hearing your opinions on where on-chain perpetuals are headed. Are we finally at a point where DEXs can really compete with CEXs in terms of execution speed and reliability?