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.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

23 Likes

Reward
23
10
Repost
Share

Comment

0/400

EthSandwichHero

· 14h ago

1.2 trillion? Damn, is this number real? It seems like Hyperliquid is really taking off this time. DEX is just awesome, no KYC, so I don’t have to worry about my wallet being frozen. Speaking of which, perpetual contracts really aren’t for retail investors like us; the liquidation speed is faster than your reaction. Not needing KYC is definitely an advantage, but DEX still needs to improve its liquidation mechanism, or the risk of running away will be huge. I just like the logic of DEX; holding coins in your own hands feels more secure. With a volume of 1.2 trillion, I think traditional exchanges should be worried too, right? Haha. Leverage is truly a double-edged sword—either quick wealth or quick bankruptcy. I still choose to preserve capital. Hyperliquid has indeed gained traction, much more conscientious than some old-school centralized platforms. Decentralized exchanges are rising; this is the trend, right? Maximum freedom. The surge in perpetual contracts is very normal; after all, everyone wants to have control over their funds.

View OriginalReply0

MetaverseVagabond

· 15h ago

The volume increase on DEXs has been obvious for a while, but I don't know how long it can last. 1.2 trillion sounds impressive, but the real profit is still made by the seasoned players; newcomers are just cannon fodder. Hyperliquid was indeed fierce. I like that there's no KYC, but leverage risk—no matter how much you talk about it—no one listens. Lacking a good liquidation mechanism is really a hard flaw; sooner or later, something will go wrong. The high degree of freedom on DEXs is enough to call it a day; the centralized systems are just too stifling. How long can this growth last? It feels like they're about to start cutting the leeks again. Perpetual contracts with a monthly trading volume surpassing one trillion—quite a boast. Controlling leverage? Don't be ridiculous. Anyone trading perpetuals dreams of a big turnaround. Decentralized trading is definitely the trend, but the risks... still can't keep up with the development.

View OriginalReply0

MidnightMEVeater

· 2025-12-31 09:41

Good morning, the "free trading" at 3 a.m. has started harvesting the leeks again. 12 trillion in monthly trading volume sounds great, but the real arbitrage feast is in sandwich attacks and liquidity traps—that's the robot paradise. No KYC is indeed refreshing, but don’t celebrate too early; the liquidation mechanism isn’t perfect yet, and your positions are just waiting to be slaughtered. Behind this growth is a feast of price shocks—some are eating the meat, while more are being eaten. --- Hyperliquid is hot, but I really want to know how many people’s leverage has blown up to make this number happen. --- Decentralized trading offers high freedom, no doubt, but the gas wars and miner tips at midnight really eat up trading fees. So-called freedom is actually just the freedom to lose money. --- Honestly, looking at these data, I can only think of one thing—behind every surge in trading volume, there are night creatures digging pits in dark pools. Your leverage is my midnight arbitrage window. --- Perpetual contracts are booming? Fine, then I have one question—out of this 12 trillion, how much is genuine hedging demand, and how much is just gamblers harvesting each other?

View OriginalReply0

CommunityLurker

· 2025-12-30 13:32

1.2 trillion? Are you sure it's not just hype? Hyperliquid is really hot right now. DEX is on the rise, same old story, no KYC, free trading, sounds pretty cool. But leverage needs to be handled carefully, you know the cost of quick profits. Hyperliquid is indeed impressive, but the liquidation mechanism is still a hidden risk. Perpetual contracts are easy to get liquidated if you're a beginner, so be cautious. Decentralization is happening, but risk control can't keep up, which is awkward. The figure of 1.2 trillion should be questioned—could there be some water? Self-custody sounds great, but if you lose your funds, no one will save you. DEX is popular, but the worry is slow liquidation mechanisms—by then, it's too late to cry. Beginners shouldn't think about getting rich overnight; the risks of these contracts are no joke.

View OriginalReply0

WhaleWatcher

· 2025-12-29 17:43

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.

View OriginalReply0

BearMarketSurvivor

· 2025-12-29 17:40

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?

View OriginalReply0

PerpetualLonger

· 2025-12-29 17:40

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.

View OriginalReply0

HalfPositionRunner

· 2025-12-29 17:38

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.

View OriginalReply0

ForumMiningMaster

· 2025-12-29 17:27

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.

View OriginalReply0

ChainSauceMaster

· 2025-12-29 17:27

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.

View OriginalReply0