November Softens but Perp DEX Platforms Flex $1.13 Trillion in Onchain Derivatives Action

While decentralized perpetual exchanges, or perp DEXes, clocked an eye-popping $1.2 trillion in volume in October, the data reveals their November tally eased slightly, trading a bit softer than the prior month’s fireworks. While the dip clocked in at just $70 billion, November’s perp DEX haul still loomed 71.7% above September, making it clear the … Read more

OKX Launches DEX Trading in US and Global Markets

OKX adds in‑app decentralized exchange (DEX) trading with self‑custody across Solana, Base, and X Layer. OKX announced on November 13 that it is rolling out a new DEX trading feature in the OKX App, enabling customers — including users in the United States, MENA, Southeast Asia, and the CIS — to create passkey‑based self‑custody wallets … Read more

Dromos Labs Reveals Aero After Merging 2 Major L2 DEXs

Dromos Labs disclosed on Nov. 12, 2025, that Aerodrome and Velodrome will fold into a new unified decentralized exchange (DEX) called Aero, pulling Base, Optimism, Ethereum mainnet, and Circle’s Arc chain into one liquidity hub. New Aero DEX Aims to Streamline Trading on Base, Optimism, Ethereum The layer two (L2) heavyweights Aerodrome and Velodrome are … Read more

Perp DEX Space Heats up — Lighter Ignites $68M Fundraise as Investors Flock to Defi’s Next Big Thing

Vladimir Novakovski’s blockchain startup Lighter has secured $68 million in fresh funding from top-tier backers, marking one of the most notable reverse pivots in Silicon Valley—from artificial intelligence (AI) back to crypto. According to a Forbes report, Lighter’s $68 million round was led by Peter Thiel’s Founders Fund and Ribbit Capital, with participation from Haun … Read more

Terminal Finance CEO: Code Solves CEX Failures; DEX Raises $280M Pre-Launch

Terminal Finance, a new decentralized exchange incubated by Ethena, has attracted over $280 million in pre-deposit total value locked. The Structural Difference: Code Over Custody In the wake of centralized exchange (CEX) failures and allegations of opaque governance following the market crash on Oct. 10, the debate over decentralized resilience has reached a fever pitch. … Read more

Kodiak Finance Integrates Orbs Protocols to Boost DEX Trading Power

Kodiak Finance has integrated Orbs’ dTWAP and dLIMIT protocols to enhance trading functionality. The upgrade supports large, discreet trades and advanced customization, boosting Kodiak’s appeal to professional traders. Kodiak’s Leading Position and New Features Kodiak Finance, the premier liquidity platform on Berachain, has announced the integration of two trading protocols from Orbs—dTWAP and dLIMIT—marking a … Read more

Aster, Hyperliquid, and More: Nearly $1 Trillion in Perp DEX Trades Recorded in Just 30 Days

With the perpetual decentralized exchange (DEX) wars blazing hotter than a meme coin rally, defillama.com shows the battlefield tally: nearly a trillion dollars in trades over the last week, with a cool $869.189 billion stamped on the books. Aster and Hyperliquid Command 52.80% of $869B Perp DEX Market Perp DEXs are the current obsession, and … Read more

2025’s Perp DEX Wars: New Money, New Tech, No off-Switch

Perpetual futures have become crypto’s main event, and the perp DEX wars—led by Hyperliquid, Aster, GMX, DYdX, ApeX, Drift, Jupiter, EdgeX, and Sunperp—are where the action won’t quit. From Order Books to Onchain: Inside 2025’s Perp DEX Dogfight Perpetuals are derivatives without an expiry; funding payments between longs and shorts keep contract prices tethered to … Read more

From Mempool Hunters to Math Proofs: Grvt’s $19M Onchain Play

Grvt just closed a $19 million Series A to fuse privacy and scale into onchain finance, pitching a zero-knowledge (ZK) exchange that makes institutional polish feel retail-friendly. Grvt’s $19M Lift Targets MEV Pain and Compliance Friction Grvt (pronounced gravity) — a decentralized exchange (DEX) and investment marketplace on the ZKsync Stack — says the round … Read more

Top DEX Platforms Clear $425 Billion in a Monthlong Frenzy of Onchain Trading

Decentralized finance (DeFi) finished the last 30 days with higher total value locked (TVL), broad green across leading chains, and trading concentrated on a handful of decentralized exchange (DEX) venues. From Swap to Tsunami Over the past month, aggregate DeFi TVL sits near $159.6 billion. That total is consistent with Ethereum’s $96.697 billion representing 60.57% … Read more