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DeFi perps volume explodes past $1T in a record month so far

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 14 Views

Hyperliquid, Aster and Lighter have pushed decentralized perps trading volume to over $1 trillion in October, beating August’s tally with a week to spare.

Decentralized perpetual trading volume is set for a massive month in October, having just passed a record $1 trillion with a week still to spare as traders place big bets on the crypto markets.

The $1 trillion milestone has already beaten August’s record of $762 billion by a considerable margin, according to data from DeFiLlama.

While Hyperliquid leads October with $317.6 billion in trading volume, Lighter, Aster, and edgeX have also fared well, seeing $255.4 billion, $177.6 billion and $134.7 billion, respectively, with the rest made up of smaller decentralized exchanges.

Those platforms contributed to a record $78 billion in decentralized perps volume on Oct. 10 alone. 

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