2026-01-15 14:50:03

Decentralized perpetual trading is hitting new milestones. The latest data reveals that DEX perpetual trading volume reached an all-time high of $6.7 trillion, signaling strong momentum in the decentralized derivatives space.

What's particularly striking is the shifting market dynamics. The ratio of DEX-to-CEX perpetual trading volume has climbed to 7.8%, a significant jump from just 2.5% a year ago. This suggests more traders are gravitating toward decentralized platforms for their derivatives exposure.

The competition among DEX protocols is intensifying. Leading perpetual DEXs are capturing substantial market share—Hyperliquid and Lighter respectively generated $2.9 trillion and $1.3 trillion in annual trading volume, positioning themselves firmly among the top-tier perpetual exchanges globally. The decentralized derivatives ecosystem is maturing faster than many anticipated.

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LiquiditySurfer

· 6h ago

DEX perpetual trading is about to take off, and these numbers look really good. Hyperliquid's move was indeed aggressive, squeezing the centralized exchanges tightly.

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TestnetNomad

· 6h ago

6.7 trillion? Is it real? DEX is really taking off this time.

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SchrodingerWallet

· 6h ago

Wait, 7.8% really? The numbers seem a bit intense. --- Is Hyperliquid really that powerful? It feels like it suddenly surged. --- DEX trading volume broke records, but I still feel like my money is losing value. --- Jumped from 2.5% to 7.8%, that growth rate is a bit terrifying... --- Finally looks somewhat decentralized, but the risks are also high. --- Is Lighter for real? I need to take another look at the 1.3 trillion figure. --- High trading volume doesn't necessarily mean I'm making more money, everyone take it easy.

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GamefiEscapeArtist

· 6h ago

Damn, these data are skyrocketing. Is DEX really about to take over? --- Wait, is Hyperliquid's 2.9T real? It feels a bit suspicious. --- Jumping from 2.5% directly to 7.8%, this growth rate is scary... I'm a bit worried about a bubble. --- Finally someone is playing DEX, before that everyone was being drained by CEX. --- How does Lighter manage to reach 1.3T? I haven't heard of it... --- If this speed continues for another year, can DEX surpass CEX? --- 6.7T sounds big, but is the liquidity really enough or just a phantom? --- Just asking, has anyone run away with Hyperliquid... --- I'm a bit worried about DEX perpetuals; liquidation is more aggressive than CEX, brother. --- The ecosystem is developing so fast, it seems like there are plenty of opportunities.

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ruggedNotShrugged

· 6h ago

6.7 trillion? That's an outrageous number. Is DEX really that powerful?

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