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Perp DEX trading volume hits new heights with 395% annual surge

Press Releases Crypto News CryptoBriefing Perp DEX trading volume hits new heights with 395% annual surge

Decentralized perpetual contracts exchanges (perp DEX) registered an all-time high in monthly trading volume in March at $317 billion, according to data aggregator DefiLlama. Despite a slight slump in April to $304 billion, the volume managed to stay above the $300 billion mark and represents a 395% year-on-year growth.

Imran Mohamad, CMO at Zeta Markets, points to different reasons behind the perp DEX rising momentum. The first one is the developments made within the decentralized finance (DeFi) ecosystem since the “DeFi Summer” happened in 2020.

“I think DeFi Summer happened, and then you can start seeing a lot more DeFi innovation. And I think now you can see that DeFi is starting to gain a lot more prominence and interest, especially led by ecosystems like Solana, where they really focus on a unified user experience and making it easier for people to onboard,” stated Mohamad. “So you have all these enabling a lot more accessible transactions, a lot more accessible, they enable a lot more user-facing DApps to operate.”