Top 8 perpetual decentralized exchanges saw combined monthly volume climb to $423 billion, led by Hyperliquid’s 21% growth.
The combined trading volume of the top eight perpetual decentralized exchanges reached $423 billion over the past 30 days, marking a 9.1% increase from the prior period. Hyperliquid led the rebound with a 21% rise, followed by Aster and Variational at 19% and 16%, respectively.
Hyperliquid maintained its dominant position with a 58% market share, while the three largest platforms accounted for 79% of total monthly volume. The previous period had seen mixed performance, with some platforms experiencing declines before this recovery.
The rebound reflects renewed activity in decentralized derivatives trading, though market concentration remains high among leading exchanges.