Decentralized perpetual exchanges (Perp DEXs) just had their biggest month ever. In September, trading volume on these platforms crossed $1 trillion for the first time in history, according to DeFiLlama. The total hit $1.143 trillion, a 50% jump month-over-month. For context, August volume stood at $707.6 billion. The surge signals a new phase in crypto trading, where on-chain derivatives are closing the gap with centralized players. According to DeFiLlama, in September, monthly trading volume on Perp DEXs surpassed $1 trillion for the first time in history, reaching $1.143 trillion, nearly a 50% month-over-month increase. In the past 30 days, protocols
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