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November perp DEXes trading volume slowed down, with Lighter, Hyperliquid, and Aster accounting for nearly 70%.

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2025-12-01 02:14:08
According to BitcoinNews, the decentralized perpetual exchange (perp DEXes), which hit $1.20 trillion in volume in October, slowed down in November to $1.13 trillion, down 5.83% ($70 billion), but still 71.7% higher than in September.
Specifically, Defillama data shows that Lighter captured the largest share of transactions in November, receiving $284 billion, accounting for 25.13% of the total; more than $240 billion flowed through Hyperliquid, while Aster's transaction volume was $258 billion, which together accounted for 44.07% of the total transaction volume.
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