Perp DEX volume up 6% to $659B in October while spot and CEX futures bled out.

$BTC dumped after the alleged $6.3B Binance hack—no surprise CEX activity tanked.

Biggest move: @variational_io surged to $78B volume, flipping everything except Hyperliquid for #2 spot.

Perps are eating CEX lunch. On-chain leverage is the new meta.