Perpetual DEXs Maintain Consistent Trading Volumes Amid Market Slump

Perpetual DEXs Maintain Consistent Trading Volumes Amid Market Slump

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by Mohamed Farouk

a year ago

Made with AI

In the midst of a downturn in the broader cryptocurrency market, perpetual decentralized exchanges (DEXs) have demonstrated remarkable resilience, maintaining robust trading volumes. According to the official information, recent data highlights a significant uptick in activity, suggesting a shift in trader preferences amidst market volatility.

Daily Trading Volumes of Perpetual DEXs

According to DeFiLlama, perpetual DEXs recorded daily trading volumes between $28 billion and $60 billion throughout November. This consistent performance stands in stark contrast to the overall market slump, indicating a strong demand for decentralized trading solutions.

Top Perpetual DEXs Performance

The leading four perpetual DEXs — Lighter, Aster, Hyperliquid, and edgeX — have collectively exceeded $1 trillion in trading volume over the past 30 days. Hyperliquid notably ranked third, recording a remarkable $259 billion in volume, further solidifying its position as a major force in decentralized derivatives trading. This strong performance reflects the rising relevance of DEXs, as traders increasingly turn to decentralized platforms amid uncertain market conditions.

In light of the recent resilience shown by perpetual DEXs, Coinbase has announced plans to launch 24/7 trading for altcoins starting December 5, 2025. This initiative aims to enhance access to regulated crypto derivatives in the US. For more details, see read more.

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