Perp DEXs' daily trading volume increased from $7.5 billion (2024) to $22.7 billion (2025) and then to $30.6 billion (2026).
The growth curve is becoming increasingly steep, rather than flat. It appears that funds are flowing from passive yields to active trading infrastructure.
This trend reflects a structural shift in the DeFi market: investors are moving from simple lending yields to more complex derivatives trading, driving the rapid growth of perpetual contract DEXs.
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