Perps volumes grew nearly 8× in 2025, pushing decentralized venues into core market infrastructure.
🔹 @Aster_DEX now leads on volume, processing $170B+ cumulative, outpacing peers by a wide margin
🔸 @Lighter_xyz and @HyperliquidX follow, with materially different open interest and turnover profiles.
Scale is no longer the question. Differentiation now comes down to execution quality, liquidity depth, and how leverage is actually used.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




