The decentralized derivatives market is heating up. In the last 30 days, perpetual decentralized exchanges (Perp DEXs) added over $1.5 billion in open interest. That’s a big signal that traders are actively putting more money into positions, and the space is gaining real momentum. Open interest, or OI, basically measures how much capital is tied up in active trades. When it rises, it usually means traders are opening new positions instead of just closing old ones. In short: more money is moving, and traders are confident. Recent data shows the top 10 perp DEXs ranked by growth in open interest,
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