Key Takeaways
- •Perpetual DEX trading exceeded $1 trillion in September 2025.
- •Aster, Hyperliquid led with a collective $760 billion.
- •Affected assets included BNB, ETH, BTC, and SOL.
In September 2025, monthly trading volumes on Perpetual DEXs exceeded $1 trillion for the first time, fueled by Aster, Hyperliquid, and Lighter, amassing over $760 billion in activity.
This milestone highlights the growing demand for decentralized exchanges, impacting asset prices and liquidity dynamics on platforms like Ethereum and BNB Chain.
The monthly trading volume on Perpetual DEXs reached $1 trillion in September, marking a significant milestone for decentralized finance. This surge was fueled by protocols like Aster, Hyperliquid, and Lighter, credited with over $760 billion in trading activity.
Aster led the DEXs with $420 billion in trading volume on BNB Chain, demonstrating its scalable infrastructure. – “Aster sets a new standard for scalability with $420B traded in September — thank you to our builders and community.” Source
Hyperliquid saw a decline to $282.5 billion, while Lighter noted $164.4 billion during testing on Ethereum Layer 2.
The spike in trading volumes has boosted interest in associated assets like ETH, BNB, BTC, and SOL, supporting enhanced liquidity and increased open interest in asset pools. These shifts highlight the growing relevance of DEXs.
Market dynamics have shifted towards chain diversity, with users seeking scalability and innovative DeFi solutions. Consequently, financial metrics show rising investments and protocol treasury inflows, emphasizing strong cryptographic interest. Lighter.xyz post discussing a significant market event.
Cryptocurrency volumes are achieving unprecedented heights with September's breakout. This volume boost aligns with rising TVL and enhanced liquidity pools on leading protocols, showcasing strong infrastructure developments.
Historical data shows previous DEX volumes peaked at just under $900 billion, reflecting user appetite for low-fee, high-speed transactions. RootDataCrypto tweets about crypto analytics and market trends.
Aster and others continue to pave the way for perpetual markets, proving their critical role.