Perpetual futures trading on leading decentralized exchanges (DEXs) reached $1.8 trillion in 2025, as reported by AICryptoCore. The surge was primarily driven by dYdX V4 and GMX, which operate on Solana and Ethereum, respectively. These platforms have successfully integrated support and resistance analysis with hybrid liquidity models, enhancing their trading capabilities.
The increase in trading volumes was further fueled by the availability of high leverage and low fees, particularly in Bitcoin (BTC) and Ethereum (ETH) markets. This combination of factors has positioned these DEXs as key players in the cryptocurrency derivatives market, attracting significant trader interest and activity.
Top DEXs Record $1.8 Trillion in Perpetual Futures Trading in 2025
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