November Softens but Perp DEX Platforms Flex $1.13 Trillion in Onchain Derivatives Action

Dec 01 2025 crypto


While decentralized perpetual exchanges, or perp DEXes, clocked an eye-popping $1.2 trillion in volume in October, the data reveals their November tally eased slightly, trading a bit softer than the prior month’s fireworks. While the dip clocked in at just $70 billion, November’s perp DEX haul still loomed 71.7% above September, making it clear the

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