CryptoRank data shows that the cumulative trading volume of on-chain perpetual contracts has surpassed $15 trillion. Trading volume increased by 200% between 2024 and 2025, driven by Hyperliquid and other perpetual DEXs expanding the on-chain perpetual contracts market. Since January 2026, Hyperliquid has accounted for 30% of total trading volume.
On-chain perpetual contracts trading volume exceeds $15 trillion, with Hyperliquid leading in market share.
AiCoinShare
Summary
On-chain perpetual contracts trading volume has now surpassed $15 trillion, with on-chain data showing a 200% increase in trading volume from 2024 to 2025. Hyperliquid and other perpetual DEXs have driven the market’s rapid growth. Since January 2026, Hyperliquid has captured 30% of total trading volume.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.