Perpetual decentralized exchanges (Perp DEX) recorded a significant surge in trading volume on February 5, reaching $70 billion, according to DeFiLlama data. This marks the second-highest daily trading volume in history, following the $101 billion recorded on October 10, 2025, during the "1011" flash crash. Among the exchanges, Hyperliquid led with $24.7 billion, followed by Aster with $10 billion, edgeX with $8.7 billion, and Lighter with $7.5 billion.