Decentralized Derivatives Trading to Hit $3.48 Trillion by 2025

Throughout 2024, trading volume for perpetual contracts on decentralized exchanges reached a record $1.5 trillion and is likely to continue its rapid growth. These insights were shared by dYdX analysts in their Annual Ecosystem Report 2024. 

Over the past year, trading volume in the segment grew by 132% — from $648 billion to $1.5 trillion. If this trend continues, experts believe the figure will reach approximately $3.48 trillion by the end of 2025.

Over the year, the share of the spot market on DEX increased from 9% to 20%.

“The rapid growth of decentralized trading drives innovation and shapes a future where anyone can trade any asset,” noted dYdX.

Contributing to the record figures for DEX was the increased activity on the Solana network at the end of 2024, reaching its peak in January 2025 with the launch of Donald Trump’s meme coin.

Back in January, Nansen analyst Nikolai Sondergaard highlighted the growing interest in the options and futures market for XRP.