• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Impact of Perpetual DEX on Decentralized Finance in 2024

user avatar

by Giorgi Kostiuk

22 days ago


CoinGecko's 2024 report reveals impressive data on the rapid growth of perpetual DEXs. This article explores what perpetual trading is, its benefits and the current market situation.

What is Perpetual Trading?

Perpetual trading is based on perpetual futures contracts allowing traders to trade assets like Bitcoin or Ethereum without owning them. Unlike regular futures, these contracts have no expiration date. Its popularity has increased due to high liquidity and leverage, which boosts potential profits but also carries risks.

Benefits of Perpetual Trading

A key advantage of perpetual trading is the lack of contract expiration, allowing traders to hold positions indefinitely. The funding rate mechanism aligns the futures price with the underlying asset price, and leverage allows traders to operate larger positions with less capital, albeit with careful risk management required to avoid liquidation.

State of Perpetual DEXs in 2024

In 2024, the growth of perpetual DEXs is notable. CoinGecko reports a trading volume of $1.5 trillion for the top 10 perpetual DEXs, marking a 138% increase over the previous year. This rise is also reflected in open interest peaking at $6.7 billion in December. This growth is attributed to the greater user control and security offered by decentralized platforms compared to centralized exchanges.

Perpetual DEXs are becoming integral to the decentralized financial ecosystem, setting new standards for security and transparency. The rapid increase in trading volumes and open interest demonstrates that perpetual trading is the future of crypto trading.

0

Share

Other news

What it Takes for PEPE Coin to Achieve a 100% Rally: Market Analysis

PEPE Coin moves sideways but retains potential for a 100% rally under certain conditions.

user avatarGiorgi Kostiuk

3 minutes ago

Trending Cryptos for 100x Returns: Web3Bay, Kaspa & More

We explore cryptos with growth potential, like Web3Bay and Kaspa, offering significant returns for investors.

user avatarGiorgi Kostiuk

3 minutes ago

Maker (MKR) Price Surges by 44%: Analysis and Prospects

MKR price surged 44%. Derivative and on-chain analysis support continued growth. Overview of the data and trend assessment.

user avatarGiorgi Kostiuk

36 minutes ago

FTX Makes Customer Repayments, Excluding 26 Countries

FTX starts repayments in 2025, excluding 26 countries such as Ukraine and China.

user avatarGiorgi Kostiuk

37 minutes ago

Countries Slash Treasury Bonds, Signaling Shifts in Financial Strategies

China, Japan, and the UK reduced Treasury bond holdings by $81 billion, signaling financial strategy shifts.

user avatarGiorgi Kostiuk

37 minutes ago

Analysis: Chinese and Japanese Investments in U.S. Treasury Bonds

China, Japan, and the UK reduced their U.S. Treasury holdings by $81 billion in December, impacting the financial market.

user avatarGiorgi Kostiuk

38 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.