Perp DEX Volumes Nearly Triple in 2025 as Onchain Derivatives Scale
Perpetual DEXs ended 2025 with a substantial increase in trading volumes as total volumes rose to $12.09 trillion compared to a mere $4.1 trillion during the start of the year. This is a clear indication of a breakout year for derivatives trading through onchain. According to DefiLlama, approximately $7.9 trillion,
