By 2025, the total trading volume of Perp DEX has already reached the trillion-dollar level, tripling from 4 trillion at the beginning of the year. Focusing on this is the main narrative for making money this year. In 2026, a large wave of projects in the same track will have TGE, with Lighter just completed. Next, high-volume Perp DEX projects like GRVT, StandX, and EdgeX, which haven't issued tokens yet, are all holding back big moves. On-chain derivatives are becoming mainstream trading venues, all competing to see who can lead.
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By 2025, the total trading volume of Perp DEX has already reached the trillion-dollar level, tripling from 4 trillion at the beginning of the year. Focusing on this is the main narrative for making money this year. In 2026, a large wave of projects in the same track will have TGE, with Lighter just completed. Next, high-volume Perp DEX projects like GRVT, StandX, and EdgeX, which haven't issued tokens yet, are all holding back big moves. On-chain derivatives are becoming mainstream trading venues, all competing to see who can lead.