2025-12-29 17:17:46

A recent interesting development in the market is that the trading volume of crypto derivatives has significantly increased by 2025.

According to a market outlook report from a leading compliant platform, decentralized platforms are now the main driving force behind this growth. Specifically, the monthly trading volume of DEX perpetual contracts has surpassed trillion, which is indeed a noteworthy growth rate. Emerging decentralized trading platforms like Hyperliquid have performed remarkably well in this rally, attracting a large number of traders to participate.

Compared to traditional centralized exchanges, the rapid growth of DEX perpetual contracts reflects an increasing recognition of decentralized trading models. Features such as no KYC, 24/7 trading, and self-custody of funds are highly attractive to participants seeking trading freedom.

However, it is important to note that although DEX derivatives trading volume has surged, risk management and liquidation mechanisms still need improvement. For ordinary traders, it is crucial to control leverage and positions when participating in perpetual contracts, as these high-risk tools are not suitable for everyone.

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WhaleWatcher

· 5h ago

1.2 trillion? Wow, Hyperliquid is really taking off this time, but only the truly bold dare to play with DEX perpetuals. Leverage is a double-edged sword; going all-in can lead to total loss. I think I'll just watch from the sidelines. No-KYC DEXs are indeed cool, but what if the liquidation mechanism really malfunctions... the risk still needs to be carefully considered. I heard someone got liquidated again on Hyperliquid. The bigger the trading volume, the higher the risk—everyone understands this principle. Perpetual contracts reach 1.2 trillion per month; centralized exchanges are crying in the bathroom now, haha. Decentralized trading is definitely the trend. Self-custody of funds is a win; no more worries about exchanges running away. But there are probably only a few who dare to go all-in; most are just testing the waters with small amounts.

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BearMarketSurvivor

· 5h ago

1.2 trillion? That's crazy, Hyperliquid is really taking off this time, but leverage is still something to be cautious about, I've been burned before. The fact that DEX has no KYC is indeed refreshing, but the liquidation mechanism isn't perfect yet, so there's still some anxiety. With increasing volume and high risk, it's a typical crypto scheme—more and more people are chasing quick profits. The high popularity of perpetual contracts means you have to be careful not to become the bag holder yourself. Decentralized exchanges are really splitting the CEX's cake, but who dares to guarantee safety? Self-custody of funds sounds free, but in reality, you're bearing the risk—this is the real trap. The figure of 1.2 trillion is shocking, but most people are probably just dreaming about leverage. The liquidation mechanism hasn't kept up, yet so many are playing with it—aren't they just asking for trouble? Hyperliquid is indeed attractive, but new platforms are prone to failure; who dares to go all in?

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PerpetualLonger

· 5h ago

1.2 trillion? Damn, this number, I need to increase my position. DEX perpetuals are the future. Wait, controlling leverage? How could I possibly listen to that? Full position is my faith. Hyperliquid is truly amazing this time. I knew the bears would be swept out. No KYC self-custody? This is the freedom I've been waiting for. Now is the right time to buy the dip. Inadequate liquidation mechanism? That's the exchange's problem. My stop-loss is always ahead.

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HalfPositionRunner

· 5h ago

1.2 trillion is indeed impressive, but I still feel that the liquidation mechanism hasn't kept up; it's too easy to get liquidated. DEX is popular, but I'm worried that one day liquidity will collapse, and everyone will be trapped. Hyperliquid did catch this wave, but what proportion of trading volume is without leverage? That's the real indicator. The higher the freedom, the more you have to bear the risks yourself. Don't cry later about the platform's inadequacy. It feels like another sign that a new wave of retail investors is entering. I'll stick to conservative small-scale trading.

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ForumMiningMaster

· 5h ago

DEX perpetual volume is indeed real, but seeing that 1.2 trillion data makes me a bit cautious... Large trading volume doesn't necessarily mean a healthy ecosystem. Hyperliquid is indeed popular, but risk management is still a rookie move, and the liquidation mechanism is complicated. Speaking of which, not having KYC is definitely refreshing, but it's also a double-edged sword. Could this cycle be another peak of the bubble... no one can say for sure. Don't tell me about risk control; there aren't many in the crypto world who truly manage their positions haha. Honestly, I still trust CEXs a bit more, at least when problems arise, someone is responsible. With a volume of 1.2 trillion, withdrawal flows could get very interesting. Hyperliquid is indeed grabbing market share, but the underlying logic remains the same; how long it can sustain remains to be seen. The advantage of DEX is freedom, but the cost is that you have to bear all risks yourself. Think carefully before playing.

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ChainSauceMaster

· 5h ago

1.2 trillion? I can't quite handle this number, maybe it's a bit exaggerated. DEX is indeed awesome, but only brave warriors dare to use 10x or 20x leverage. I’ll just watch. Hyperliquid is hot, but I’m still a bit afraid of the liquidation part... how can I ensure I don’t get eaten? No KYC is freedom, but sometimes the price of freedom is bearing all the consequences myself, brother. Trading volume has increased, which is indeed good, but how much of it is genuine demand, and how much is caused by leverage liquidations? I still think DEX perpetuals are a game for advanced players; newbies just get swept away. If the liquidation mechanism is truly improved, DEX can last longer. For now, I still need to be cautious. The freedom of decentralized speculation also means 100% bearing the risk yourself.

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