Perp DEXs hit $1.1T monthly volume.
By Maxime Laurent · 2025-10-02 19:55
Perp DEXs hit $1.1T monthly volume.
September set a record, up 50% from August.
The perp DEX wave is no longer a side story — it is the story. With Hyperliquid, Aster, and now Lighter pulling insane liquidity, decentralized exchanges reached $1.1 trillion in trading volume last month. That’s not just growth, that’s a paradigm shift.
To put it in context: we’re talking about levels that rival the big CEXs. And the 50% jump from August shows momentum is only accelerating. For years people said “perps belong to Binance, Bybit, OKX,” but now the on-chain versions are stealing serious market share.
What I find most fascinating is the cultural angle — traders seem increasingly comfortable living fully on-chain. No KYC, no middlemen, just pure leverage and liquidity. Bien sûr, risks are higher, but the appetite is there.
If this trend continues, 2025 could be the year perp DEXs stop being “alternatives” and become the new normal.
#PerpDEX #DeFi #Hyperliquid #Aster #Lighter #CryptoTrading 🚀
September set a record, up 50% from August.
The perp DEX wave is no longer a side story — it is the story. With Hyperliquid, Aster, and now Lighter pulling insane liquidity, decentralized exchanges reached $1.1 trillion in trading volume last month. That’s not just growth, that’s a paradigm shift.
To put it in context: we’re talking about levels that rival the big CEXs. And the 50% jump from August shows momentum is only accelerating. For years people said “perps belong to Binance, Bybit, OKX,” but now the on-chain versions are stealing serious market share.
What I find most fascinating is the cultural angle — traders seem increasingly comfortable living fully on-chain. No KYC, no middlemen, just pure leverage and liquidity. Bien sûr, risks are higher, but the appetite is there.
If this trend continues, 2025 could be the year perp DEXs stop being “alternatives” and become the new normal.
#PerpDEX #DeFi #Hyperliquid #Aster #Lighter #CryptoTrading 🚀
Disclaimer: This content is for informational purposes only and not financial advice.