{"id":90667,"date":"2025-11-05T12:07:02","date_gmt":"2025-11-05T09:07:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90667"},"modified":"2025-11-05T12:10:13","modified_gmt":"2025-11-05T09:10:13","slug":"perp-dex-trading-volume-surpasses-1-3-trillion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/perp-dex-trading-volume-surpasses-1-3-trillion\/","title":{"rendered":"Perp-DEX Trading Volume Surpasses $1.3 Trillion"},"content":{"rendered":"

In October, trading volume on perp-DEX<\/a> reached a record $1.3 trillion\u2014nearly double that of September.<\/p>\n

\"Screenshot
Source: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

The main contributors were platforms Hyperliquid<\/a>, Lighter, Aster, EdgeX, Pacifica, and ApeX.<\/p>\n

\"Screenshot
Source: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

Analysts from The Block<\/a> identified two reasons for the sector’s growth. The first is incentive programs: most major exchanges have launched point systems that users hope to exchange for airdrops<\/a> in the future.<\/p>\n

The second reason is the October market downturn<\/a>, which triggered mass liquidations of positions. Some traders attempted to recover losses, leading to increased trading activity.<\/p>\n

Other factors also contributed to the rise of individual platforms: Lighter attracts traders with zero fees, while Aster benefits from support within the BNB Chain ecosystem.<\/p>\n

Experts anticipate a decline in trading activity in the coming months. However, volumes are expected to remain higher than pre-October levels, thanks to incentive programs.<\/p>\n

Interest in the Sector<\/h2>\n

Startup Liquid raised $7.6 million<\/a> in a seed funding round led by Paradigm, with participation from General Catalyst and several angel investors.<\/p>\n

Liquid is a non-custodial aggregator app for perp-DEX, combining platforms like Hyperliquid, Lighter, and Ostium into a single interface. According to founder Franklin Wong, the project’s goal is to provide retail users with institutional-grade tools.<\/p>\n

The app is mobile-focused and sends notifications, such as risk of position liquidation. The project earns a small additional fee on trades. Within weeks of launch, trading volume through Liquid exceeded $500 million.<\/p>\n

The platform also offers vaults with yields of around 7% annually and supports integration of point systems from various projects.<\/p>\n

New Entrants<\/h2>\n

The Astros project has launched a perp-DEX on the Sui<\/a> network. The total value locked in the ecosystem exceeds $2.6 billion.<\/p>\n

\n

Astros launches perpetual DEX on Sui as chains race to capture trillion-dollar derivatives market <\/p>\n

New York, United States, October 24th, 2025, Chainwire<\/p>\n

Astros today launched its perpetual DEX on Sui, a network that has scaled to $2.6 billion in total\u2026 https:\/\/t.co\/FOukPFGK5M<\/a><\/p>\n

\u2014 Press Releases (@press_newswire) October 24, 2025<\/a><\/p><\/blockquote>\n