Perp Dex’s are entering a “Rocket Launch” phase, because trade volumes affect record highs, with heavyweights such as Binance and Tron participating in the race.
Platforms such as Hyperliquid and Aster continue to break new records and change the competition in the most popular spotlights of this Defi season. This is when investors want to “go on board” on board before the market becomes too busy.
Big players give the “green light”
The rise of Perp Dexs is no longer just an internal defi -community story – it seems to be an important strategic movement throughout the industry. Binance CEO CZ recently mentioned Aster, a Perp Dex of the next generation, who directly created a wrinkle effect among its 8 million followers.
Previously, Changpeng Zhao proposed a dark Pool-like Dex for perpetual futures to combat the front and to improve trade protacy. In addition, Tron founder Justin Sun promoted Sunperp and used the Tron Ecosystem to bring the product to millions of users.
These movements are not just marketing games. They clearly indicate that Perp Dex’s are mature enough to become strategic destinations for large liquidity flows. When leading ecosystems intervene, they bring the trust of capital and retail investors, which makes the road clear for mass acceptance. This could push Perp Dexs outside their “niche” status and closer when becoming a standard liquidity location in the wider cryptomarkt.
Perp Dexs: Defi’s “Secret Weapon” in the era after CEX
The growing process from Perp Dexs is downright impressive. Data from Defillama shows that the eternal futures -trading volume has risen to $ 569 billion in the last 30 days. The total monthly volume in August reached more than $ 623 billion, the highest since 2022. Hyperliquid (hype) continues to dominate with more than $ 329 billion in 30-day trade volume, with a market share of 57.8%.
Perp volume. Source: Defillama
In a different analysis of Coingecko, the perpetual trade volume on decentralized exchanges reached a new highest point of $ 898 billion in Q2 2025. The DEX/CEX volume ratio also achieved a record of 0.23, which reflects a broader shift to decentralization.
PERP Handelvolume Q2 2025. Source: Coingecko
According to Dune Analytics, Hyperliquid remains the market king with a share of 48.7%, with $ 2.725 trillion in cumulative trade volume. In the meantime, Aster is a remarkable challenger, with $ 140 billion in cumulative trade.
Asterhandels volume. Source: Defillama
What makes Perp Dexs so attractive are not only the growth meters and their mechanics: low costs, high leverage and user reward airdrops. Above all, the ability to connect assets to Perp Dexs itself is a decisive advantage in a post-FTX world where trust in centralized exchanges has been eroded.
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