Traders reassess perp DEX risk as HFDX volume continues to climb
The post Traders reassess perp DEX risk as HFDX volume continues to climb appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DEX perpetuals hit $7.9 trillion in 2025, pushing traders to reassess asset safety as HFDX highlights financial risks posed by centralized custodians. Summary On-chain perpetuals hit $7.9t in 2025 as traders shift from custodial risk toward non-custodial platforms like HFDX. After January’s crash, traders increasingly favor HFDX’s non-custodial perpetuals with fully on-chain pricing and settlement. HFDX is gaining traction as DeFi traders seek transparent, oracle-priced perpetuals without surrendering asset custody. In 2025, the perpetual futures market on decentralized exchanges reached $ 7.9 trillion in total volume, the largest year ever for on-chain derivatives in crypto. The phenomenal growth of the perpetual futures market has made people take a closer look at the financial safety of their assets and where the parties hold their funds. Platforms such as HFDX are joining the conversation about the realities of financial risks posed by centralized custodians. Coming out of the massive market crash in January, it is clearer that it’s made traders re-evaluate who takes their financial responsibility. The response to the massive market crash in January has not been to take a step back, but instead to move towards non-custodial perpetual platforms at record levels. HFDX sits at the center of this shift, offering a trading architecture designed for users who refuse to hand over their keys just to open a position. A trillion dollar month rewrites the playbook Monthly perp DEX volumes first crossed the $1 trillion mark in October 2025 and maintained that level through December. For context, the entire segment processed just $4.1 trillion across all of 2024. The speed of this transition caught even seasoned analysts off guard. Perp DEXs now command roughly 26% of the total crypto…
Filed under: News - @ February 4, 2026 4:29 pm