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