Perpetual DEXs generated around $150B in trading volume last week. Hyperliquid led with $47B, while the top five venues combined accounted for $93.3B, or 62% of the total.
Why it matters
The figures show that on-chain perpetual trading is operating at substantial scale. The top five venues handled most of the weekly volume, with Hyperliquid alone contributing the largest reported share.
Market impact
Cumulative perpetual DEX volume has reached $13T. That milestone reflects the segment's growth, though trading volume measures activity rather than user numbers, open interest or the direction of prices.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJVe2rM-Yq64PMCdCUMFMAXPdlr-0_MAAL1ImsbxVJpSmN34ultgUpLAQADAgADeQADPQQ?sig=da3eO5lpIzFdApnUQt0J6ekaKL-PHAJ3DcUQDGGRrDI)
Frequently asked questions
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How much volume did perpetual DEXs generate last week?
Perpetual DEXs generated around $150B in trading volume last week.
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Which venue led weekly perpetual DEX volume?
Hyperliquid led with $47B in volume.
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What share of weekly volume came from the top five venues?
The top five venues generated $93.3B, accounting for 62% of total volume.
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What is the cumulative trading volume across perpetual DEXs?
Cumulative trading volume across perpetual DEXs has reached $13T.
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Does trading volume show whether perpetual DEX traders are net long or short?
No. Volume measures trading activity, but by itself does not reveal whether traders are net long or short or indicate price direction.
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