Perp DEXs are breaking out of crypto-only trading
Last 90 days: $BTC and $ETH still dominate volume (no surprise)
But look what's creeping into top markets by volume:
$SPCX $SKHX $CL $XAU $SP500
This isn't just another DeFi narrative. Perp DEXs are morphing into a universal trading layer for TradFi assets—commodities, indices, metals.
The liquidity is following. If you're still thinking perps = just crypto leverage, you're missing the shift.
On-chain derivatives are eating everything.
Last 90 days: $BTC and $ETH still dominate volume (no surprise)
But look what's creeping into top markets by volume:
$SPCX $SKHX $CL $XAU $SP500
This isn't just another DeFi narrative. Perp DEXs are morphing into a universal trading layer for TradFi assets—commodities, indices, metals.
The liquidity is following. If you're still thinking perps = just crypto leverage, you're missing the shift.
On-chain derivatives are eating everything.