On-Chain Perps Smash Records with $1T Trading Volume
CoinDesk
On-chain perpetual decentralized exchanges achieved a record $1 trillion in total trading volume this month.Summary
On-chain perpetual-focused decentralized exchanges (DEXs) surpassed $1 trillion in total trading volume this month, significantly up from $739 billion in September, marking the highest monthly activity ever recorded, according to DefiLlama data. This surge occurred amid significant market turbulence, including a major crash on October 10th that caused $20 billion in forced liquidations across centralized and decentralized platforms. On that single day, on-chain perpetual markets hit a record $78 billion in trading volume. The increased volume on decentralized platforms suggests growing trader confidence in permissionless, high-leverage markets and indicates that DEXs are rapidly gaining ground on centralized exchanges.
(Source：CoinDesk)