The post DEX perpetual futures maintain 3-month streak of $1 trillion in monthly volume appeared on BitcoinEthereumNews.com.

According to data from DefiLlama, perpetual DEXs processed over $1 trillion in trading volume last month, extending a three-month streak of volumes above $1 trillion that began in October 2025. October recorded the highest trading volume across perpetual DEXs, with approximately $1.4 trillion.  The second half of 2025 recorded over $5 trillion in volume compared to roughly $2.1 trillion in the first half. October generated the highest volume, accounting for roughly $1.4 trillion based on on-chain data, followed by November and December, both of which recorded volumes above $1 trillion. The second half’s volumes accounted for approximately 73% of the annual activity across the perpetual market.  On-chain data shows perpetual volume activity tripled in 2025 Perpetual Protocol (PERP) and dYdX were among the earliest DEXs for perpetual futures trading, starting around 2021. The market has since experienced an increase in trading volume, particularly since 2023, when the Hyperliquid decentralized blockchain entered the market. Trading volume in 2025 increased by more than 3 times compared to 2024, according to DefiLlama data.  Perp volumes more than tripled in 2025 The sector shifted from a near-monopolistic setup dominated by Hyperliquid into a highly competitive field. Mainly driven by liquidity rotation from memecoins, perps volume hit an ATH of $1.8T in October, retracing to $864M at the EOY.… pic.twitter.com/jl4t3x0xby — CryptoRank.io (@CryptoRank_io) January 8, 2026 Based on on-chain data, approximately $8 trillion in cumulative perpetual trading volume was recorded in 2025, surpassing roughly $2.4 trillion recorded in 2024. Hyperliquid DEX dominated the perpetual futures market, posting monthly volumes that exceeded $100 billion consecutively throughout the year. DEX platforms, including Aster, Lighter, and EdgeX, emerged in the second half of 2025, challenging Hyperliquid’s dominance. The narrative across the market changed when rival markets emerged, evolving to no longer being dominated by a single platform but…

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Filed under: News - @ January 9, 2026 10:59 am