ChainCatcher reports that Honeypot Finance has announced the completion of its upgrade from an AMM-based perpetual exchange to a Full-Stack Perpetuals DEX, simultaneously launching Orderbook Perps with cross-chain deep liquidity support from Orderly Network. This upgrade signifies Honeypot's entry into a dual-execution engine era: The Orderbook model is now live (Simultaneously supported by BSC/Berachain/Base); The AMM model is coming soon, continuing the protocol's native Senior/Junior Vault and fair settlement mechanism. Unlike single-path perp DEXs such as Hyperliquid, GMX, and Lighter, Honeypot's Full-Stack structure maintains trading even during periods of high volatility, achieving risk isolation and stable returns through Oracle-Bands and ERC-4626 tiered vaults. The Honeypot team stated, "This marks a shift in on-chain perpetual liquidity from a single engine to an infrastructure-level multi-execution model."