Onchain perpetual contracts have achieved a significant milestone, recording $972 billion in monthly trading volume on decentralized exchanges (DEXs) over the past 30 days. Lighter led the market with $203 billion, followed by Aster at $171.8 billion and Hyperliquid at $160.6 billion. These contracts have become essential components in decentralized finance (DeFi), serving as tools for collateral, hedging, and yield strategies. The growth of onchain perpetual contracts is fueled by factors such as high leverage, composability, and advanced technologies like zero-knowledge (ZK) circuits on Ethereum Layer 2 solutions. Additionally, equity perpetuals are gaining traction, providing tokenized access to stock markets. However, as usage expands, the risk of DeFi exploits remains a concern for the industry.