Decentralized perp trading just crossed a wild threshold. November 2025 marks the second consecutive month where total volume blasted past the $1 trillion mark.
That's not a typo. We're talking about decentralized perpetual futures exchanges collectively processing over a trillion dollars in trading activity. Two months running now.
The perpetual DEX landscape has clearly evolved from experimental corner of DeFi into serious infrastructure. When you're consistently pushing ten-figure monthly volumes, you're no longer the underdog—you're reshaping how derivatives get traded on-chain.
What's driving this momentum? Likely a combo of improved UX, deeper liquidity pools, and traders increasingly comfortable with non-custodial platforms. The gap between centralized and decentralized trading experiences keeps shrinking.
This sustained trillion-dollar threshold isn't just a flex. It signals maturation.
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CodeZeroBasis
· 4h ago
Damn, perpetual DEXs have really taken off! They've surpassed a trillion for two consecutive months—these numbers aren't just a fantasy, right?
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FlatlineTrader
· 22h ago
Damn, over a trillion for two consecutive months? This time it's not just bragging, DEXs have finally made a name for themselves.
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ChainSauceMaster
· 12-05 17:57
Damn, breaking a trillion for two consecutive months—DEXs are really not messing around anymore.
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CoinBasedThinking
· 12-04 20:15
Damn, over a trillion broken in two consecutive months. DEX perpetuals have really taken off.
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NFTDreamer
· 12-04 20:14
Damn, over a trillion for two consecutive months? How crazy does it have to get to achieve that?
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GateUser-e87b21ee
· 12-04 20:09
Over a trillion for two consecutive months? ngl, these numbers are kind of crazy. Need to really think about whether it's real demand or just leveraged players throwing money around again.
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rugpull_ptsd
· 12-04 19:54
Damn, over one trillion for two consecutive months? This feels way faster than I expected.
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ContractExplorer
· 12-04 19:52
Damn, over a trillion for two consecutive months? This is true decentralized awakening.
Decentralized perp trading just crossed a wild threshold. November 2025 marks the second consecutive month where total volume blasted past the $1 trillion mark.
That's not a typo. We're talking about decentralized perpetual futures exchanges collectively processing over a trillion dollars in trading activity. Two months running now.
The perpetual DEX landscape has clearly evolved from experimental corner of DeFi into serious infrastructure. When you're consistently pushing ten-figure monthly volumes, you're no longer the underdog—you're reshaping how derivatives get traded on-chain.
What's driving this momentum? Likely a combo of improved UX, deeper liquidity pools, and traders increasingly comfortable with non-custodial platforms. The gap between centralized and decentralized trading experiences keeps shrinking.
This sustained trillion-dollar threshold isn't just a flex. It signals maturation.