The post HFDX Sees Growth In ADA Perp Volume As Cardano Traders Rotate Capital Into On-Chain Leverage appeared on BitcoinEthereumNews.com.

HFDX is a decentralized, non-custodial trading protocol that is an on-chain perpetual futures and structured DeFi yield strategies that are driven by real protocol activity. Perpetual futures give traders the ability to leverage or hedge exposure without expiry dates and have become one of the most important risk-management tools in turbulent markets. With the maturing of blockchain ecosystems, more traders are finding the decentralized venues of leveraged trading as opposed to centralized exchanges. The native currency in Cardano, ADA, has seen a resurgence in its popularity, given that prices have stabilized, and traders are now willing to look beyond spot trading to leverage their interest. HFDX is one such decentralized platform that is gaining popularity in this environment as a way of offering transparent, on-chain access to perpetual markets but retaining the user in control of their assets. ADA Market Activity and Perpetual Futures Dynamics Source: DefiLlama The Cardano ecosystem is experiencing a resurgence of interest, as per the substantial trade volumes of its token, ADA. The spot market has high liquidity, with the 24-hour spot volume often exceeding 400 million. Such a high spot market activity is associated with trading of derivatives, especially perpetual futures. Aggregated exchanges such as Binance and OKX have 24-hour ADA perpetual futures volumes of between 650 million and 1.1 billion, indicating strong participation of traders who are interested in leveraged contracts or risk insurance. ADA perpetual trading volumes also increase on the front of decentralized finance as the recent data shows between 1.2 million and 2.8 million within 24 hours. Though technically smaller than centralized exchanges, this growth is an indication of growing participation with better infrastructure. Moreover, open interest in ADA perpetual positions on decentralized platforms has increased by low hundreds of thousands to mid-seven figures, which will indicate a transition to longer-term…

---

Filed under: News - @ February 12, 2026 6:24 am