Perp DEX volume hit $150B last week — on-chain derivatives are eating CEX lunch.
$HYPE (Hyperliquid) alone did $47B. Top 5 venues = $93.3B (62% of total).
Cumulative perp DEX volume just crossed $13T. This isn't a trend anymore — it's infrastructure.
If you're still sleeping on perp DEXs, you're missing where the real liquidity is moving. CEXs had their run. DeFi derivatives are the new battleground.
$HYPE (Hyperliquid) alone did $47B. Top 5 venues = $93.3B (62% of total).
Cumulative perp DEX volume just crossed $13T. This isn't a trend anymore — it's infrastructure.
If you're still sleeping on perp DEXs, you're missing where the real liquidity is moving. CEXs had their run. DeFi derivatives are the new battleground.