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Perp DEXs almost triple volume in 2025 as onchain derivatives mature

Trading activity concentrated in the second half of the year as Hyperliquid’s early lead faced increasing pressure from Aster and Lighter.

Perp DEXs almost triple volume in 2025 as onchain derivatives mature

Trading activity concentrated in the second half of the year as Hyperliquid’s early lead faced increasing pressure from Aster and Lighter.

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