2025-12-30 11:22:54

The 2025 crypto derivatives market is accelerating its expansion. According to the latest data, the on-chain DEX has processed perpetual contract trading volume exceeding $1.2 trillion per month, which clearly demonstrates the rapid rise of decentralized trading platforms in the derivatives sector.

From the explosive growth of on-chain perpetual contracts, more and more traders are turning to DEXs for leveraged trading. Compared to traditional centralized exchanges, decentralized perpetual contract platforms attract significant trading activity with their high liquidity, low entry barriers, and on-chain transparency. Behind this trend is a signal that the entire crypto derivatives ecosystem is rapidly shifting from centralized to decentralized.

For investors interested in on-chain leverage trading and the DEX ecosystem, this set of data is worth paying close attention to — it not only reflects the structural changes in the market but also indicates the future evolution of the derivatives trading landscape.

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VitalikFanboy42

· 9h ago

1.2 trillion? Really? If I hadn't seen the data, I wouldn't believe that DEX can grow this big. Those chasing quick profits have all gone leverage, and I'm just wondering, aren't these people afraid of liquidation? Decentralized exchanges are popular, but when will the slippage issue be resolved? On-chain transparency is indeed attractive, but those high-leverage traders are still likely to go bankrupt. Perpetual contract monthly trading volume exceeds 1 trillion... This number is outrageous, feels like the market is self-inflating. I just want to know how much of this 1.2 trillion is genuine demand and how much is just hype. Has DEX really overtaken CEX? I doubt it; the key is who can survive until the end.

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UnluckyValidator

· 9h ago

1.2 trillion? Really? That number is a bit scary. DEX leverage is so popular, sooner or later something will go wrong. Decentralized and transparent? Ha, I didn't find it transparent at all when slippage occurred. If this migration really happens, CEXs will be crying their eyes out. Everyone wants to hunt for profits, but it depends on who gets exploited. Good liquidity sounds nice, but actual trading is still the same. It sounds great, but let's see if you can make money with real cash. Contract explosion in growth... and the number of liquidations will also explode.

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FUDwatcher

· 9h ago

1.2 trillion? Come on, how is this number calculated? The actual trading volume being one-tenth of that would be impressive enough. --- The explosive growth of decentralized perpetual contracts sounds impressive, but the real profit-makers are still those early LPs, right? --- I believe in decentralized migration; I'm just worried that large amounts of funds will still return to CEXs. Liquidity is always a shortcoming for DEXs. --- High transparency is true, but slippage and liquidation speed are also painfully transparent, haha. --- With a monthly trading volume of 1.2 trillion, leveraged traders are about to start losing money again. --- This is exactly why I am optimistic about DEXs. Centralized exchanges should be feeling the pressure. --- On-chain perpetual contracts are booming mainly because some still think they can beat the market. --- Switching to DEXs now, another wave of cleansing next year will show what impermanent loss really means. --- No hype, no blackening; this wave of growth in DEXs has really slapped down many skeptics.

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