Decentralized perpetual futures surpassed $1.3 trillion in monthly trading volume for the first time in October

Decentralized perpetual futures have hit a major milestone as their monthly trading volume in October exceeded $1.3 trillion, which is nearly double the figures from ￰0￱ was also the first time the monthly trading volume on decentralized exchanges (DEXs) exceeded $1 trillion, evidence of them gaining ground on rival centralized exchanges (CEXs). The open interest (OI) in perps was recorded to be approximately $17.9 ￰1￱ to DeFi data analytics platform DeFiLlama , on-chain perpetuals’ monthly trading volume for September was over $738 ￰2￱ perps futures nearly doubled September’s figures, hitting $1.3 trillion in October.