Onchain perpetual futures are absolutely heating up. Latest data shows DEXs are moving serious volume—we're talking $1.2 trillion monthly on perp contracts alone. That's massive growth in crypto derivatives activity throughout 2025. The shift toward decentralized perpetual trading is pretty striking; more traders are clearly moving away from traditional cex order books and into onchain alternatives. Whether it's better execution, lower fees, or just the appeal of decentralization, the numbers don't lie. Derivatives are becoming a bigger piece of the overall crypto ecosystem, and right now, it's the DEX perpetuals pulling the weight.