Perp DEXs almost triple volume in 2025 as onchain derivatives mature
Why it matters
Perpetual derivatives exchanges (Perp DEXs) have seen a significant increase in trading volume in 2025, with activity concentrated in the second half of the year. Hyperliquid initially led the market, but faced growing competition from Aster and Lighter. This shift in market dynamics suggests a maturing onchain derivatives market.
Article tone
Neutral
How the article is written, as reported by the source.
Expected market reaction
Market impact analysis based on neutral sentiment with 80% confidence.
Evidence trail
Evidence
Source
CoinTelegraph
Claim
Perp DEXs almost triple volume in 2025 as onchain derivatives mature
AI inference
Neutral · 80%
Generated
2025-12-31 11:12
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 27553
Original source
Trading activity concentrated in the second half as Hyperliquid’s early lead faced increasing pressure from Aster and Lighter.
Read the full article on CoinTelegraph
Original article published by CoinTelegraph on December 31, 2025. Analysis and insights provided by AnalystMarkets AI.