Decentralized Exchange Futures Trading Volume Reaches 8% of Centralized Exchanges — All-Time High
Summary
- The futures trading volume on decentralized exchanges (DEXs) reached 8% of that of centralized exchanges (CEXs), marking a record high.
- Hyperliquid maintains a dominant position over centralized exchanges with about a 70% share in the decentralized futures trading sector.
- As of June, Hyperliquid’s trading volume fell 15% from the previous month, while Binance’s perpetual futures trading volume decreased by more than 20% during the same period.
The futures trading volume on decentralized exchanges (DEXs) has reportedly reached nearly 8% of that on centralized exchanges (CEXs).
On the 2nd (local time), the cryptocurrency-focused media outlet The Block reported, “As of June, the ratio of futures trading volume on decentralized exchanges to centralized exchanges was about 8%, setting a new all-time high. This represents a significant increase compared to May (6.84%) and the same period last year (4.78%).”
The outlet explained, “This is mainly because Hyperliquid, which maintains a roughly 70% market share in the decentralized futures trading sector, continues to hold an advantage over centralized exchanges.”
As of June, Hyperliquid’s trading volume recorded $210 billion, down 15% from the previous month. However, during the same period, Binance’s perpetual futures trading volume fell by more than 20%.
YM Lee
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