DEX derivatives cumulative trading volume tops $12 trillion… up $8 trillion in one year

The cumulative derivatives trading volume on decentralized exchanges (DEXs) has surpassed $12 trillion. The cumulative volume has increased by nearly $8 trillion over the past year.

Cointelegraph, citing DefiLlama data, reported that the cumulative derivatives trading volume on decentralized exchanges was approximately $12.09 trillion (about 17.5 quadrillion won) as of that day. The cumulative volume increased by $7.9 trillion (about 11.4 quadrillion won) year-to-date. Cointelegraph said, "This means that 65% of the total derivatives trading volume on decentralized exchanges occurred this year," adding, "It shows how rapidly the on-chain derivatives market grew this year."

Specifically, in the first half of this year, derivatives trading volume on decentralized exchanges reached about $2.1 trillion. The second-half volume was about $5.74 trillion. More than 70% of this year's total trading volume was concentrated in the second half. Cointelegraph said, "(Derivatives) monthly trading volume has consistently exceeded $1 trillion in Q4," adding, "Q4 trading volume is expected to surpass first-half trading volume for this year."