DeFi Perpetual Trading Volume Surges to $1.24 Trillion in October, Outpacing August’s Record
Decentralized finance perpetual trading volume has smashed records, hitting $1.241 trillion over the past 30 days—surpassing August's $762 billion total with a week to spare. The surge reflects growing trader confidence in crypto markets, with October's figures driven by heightened activity across leading platforms.
Hyperliquid emerged as the dominant player with $316.38 billion in 30-day volume, followed by Lighter ($260 billion) and Aster ($178.27 billion). Daily volumes remain robust, exceeding $45 billion, while open interest climbed to $16.84 billion—Hyperliquid again leads with $7.5 billion at risk.
The sector's explosive growth suggests decentralized exchanges are gaining ground in derivatives trading, traditionally dominated by centralized venues. Lighter's $10 billion 24-hour volume and Aster's $88.68 billion weekly performance underscore this tectonic shift in market participation.
