Perpetual DEXs are actively developing and attracting significant interest in the crypto world due to their unique possibilities. The article examines the main aspects of perpetual trading and their impact on the DeFi market.
What is Perpetual Trading?
Perpetual trading allows traders to trade cryptocurrencies like Bitcoin and Ethereum without owning them. The main difference from regular futures is that these contracts do not have an expiration date, allowing positions to be held indefinitely. This form of trading provides flexibility and high liquidity by using leverage, enabling potential profit increases while also increasing risks.
Benefits of Perpetual Trading
The absence of an expiration date is a significant advantage of perpetual swaps, allowing traders to maintain their positions for any duration without having to close them at a predetermined time. The core of perpetual trading is the funding mechanism that adjusts the futures price according to the actual asset price, ensuring market balance. Moreover, leverage use allows managing large positions with smaller investments.
Current State of Perpetual DEXs
Perpetual DEXs are experiencing rapid growth. According to CoinGecko's 2024 report, trading volumes on the top 10 DEXs reached $1.5 trillion, more than doubling the 2023 results. Open interest has also grown significantly, indicating increased interest in perpetual DEXs, which provide more user control and security.
The DeFi sector continues to evolve, and perpetual DEXs play a crucial role in providing reliable and transparent trading opportunities. Their rapid growth in volume and open interest confirms that decentralized perpetual trading is becoming an important element of the future crypto markets.
