In November, the trading volume of perp DEXes slowed down, with Lighter, Hyperliquid, and Aster accounting for nearly 70%

Dec 1, 2025 10:10:12

According to BitcoinNews, decentralized perpetual exchanges (perp DEXes) recorded a trading volume of $1.2 trillion in October, which slowed down in November with a trading volume of $1.13 trillion, a decrease of 5.83% ($70 billion), but still 71.7% higher than in September.

Specifically, data from Defillama shows that in November, Lighter captured the largest trading share with $284 billion, accounting for 25.13% of the total; over $240 billion flowed through Hyperliquid, while Aster's trading volume was $258 billion, together accounting for 44.07% of the total trading volume.

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