Back to Home11/19/2025, 5:47:12 PM
Why Perp DEXs Are Exploding in 2025 (153% YTD)
Perpetual DEXs have grown quickly in 2025, with ~153% YTD volume growth and $3.8T in cumulative activity. They now account for more than a quarter of crypto perpetual trading.
The main catalysts appear to be:
- improved execution speed
- cheaper transaction layers
- KYC-free access
- integrations with wallets and aggregators
From a systems perspective, it’s an interesting case study in how decentralized infrastructure can compete with centralized incumbents when friction is reduced.
Would be interested in technical or economic takes from others here.
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ID: 45982445Type: storyLast synced: 11/19/2025, 6:29:59 PM
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