DEX Volumes Surge Past $1 trillion Amid Investor Shift From CEXs

Trading activity on decentralized exchanges (DEXs) reached a record high in October, with perpetual DEXs processing over $1.36 trillion in volume, surpassing the previous peak set in August. This surge signals a continued shift toward on-chain finance, driven by traders seeking greater transparency and control over assets following centralized exchange scandals and regulatory scrutiny. Hyperliquid led the market with nearly $299 billion in volume, followed closely by Lighter and Aster. While improved interfaces and incentives attract retail traders, the record volume was also partially fueled by approximately $20 billion in forced liquidations early in the month, triggered by market turbulence following comments from President Donald Trump regarding potential tariffs on China.

(Source：BeInCrypto)