Citing Bitcoin.com, perp DEX platforms recorded $1.13 trillion in onchain derivatives volume in November, a 5.83% decline from October’s $1.2 trillion but still 71.7% higher than September. Hyperliquid, Aster, and Lighter led the activity, collectively accounting for 69.2% of the total volume. Other platforms like Vertex Edge, Synthetix, and ApeX also contributed significantly. The growth of perp DEXes is attributed to their onchain transparency, self-custody, and permissionless access, which are drawing volume away from centralized exchanges.
Perp DEX Platforms Record $1.13 Trillion in Onchain Derivatives Volume in November
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