Perp DEXs See Second-Highest Daily Trading Volume on Record

Decentralized perpetual futures exchanges (Perp DEXs) experienced a significant surge in trading activity, with daily volumes surpassing $70 billion on February 5. According to NS3.AI, this marks the second-highest trading volume ever recorded for Perp DEXs, following the market downturn on October 10, 2025. Leading the platforms in terms of volume was Hyperliquid (HYPE), which accounted for $24.7 billion of the total. Astar (ASTER) followed with $10 billion, and edgeX recorded $8.7 billion in trading volume.