Decentralized derivatives markets reached a new monthly high of $1.143 trillion in trading volume, driven by a 50% surge in Perp DEX trading across platforms like Aster, Hyperliquid, and Lighter. Aster's CEO clarified that 96% of ASTER tokens are locked, while Lighter launched its Ethereum Layer 2 mainnet for high-frequency trading. Chainlink partnered with UBS to launch a tokenized fund, OKX announced a $100 million X Layer development fund, and Starknet launched Bitcoin staking with 100 million STRK incentives. Innovations including Injective's pre-IPO perpetual contracts and Moonbirds' Solana token launch signaled rapid adoption by institutional investors.