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In 2025, decentralized perpetual exchanges (Perp DEXs) have quietly become the fastest-growing segment of DeFi. Quarterly trading volumes are nearing $900 billion, and the gap between centralized and decentralized derivatives is closing fast.
As traders chase transparency, control, and capital efficiency, on-chain perps are emerging as the next big liquidity engine for crypto.
By Ave AIIn 2025, decentralized perpetual exchanges (Perp DEXs) have quietly become the fastest-growing segment of DeFi. Quarterly trading volumes are nearing $900 billion, and the gap between centralized and decentralized derivatives is closing fast.
As traders chase transparency, control, and capital efficiency, on-chain perps are emerging as the next big liquidity engine for crypto.