📈 Perp Market Shock in 2025

Perpetual futures volumes more than tripled this year, marking one of the biggest structural shifts in crypto derivatives.

🔄 What changed?

• Hyperliquid’s near-monopoly faded

• Liquidity rotated from memecoins → perps

• Competition intensified across platforms

📊 Key stats:

• Perps volume peaked at $1.8T (Oct ATH)

• Ended the year at $864B

• Market moved from dominance → diversification

🏆 Current leaders

1️⃣ Lighter ($LIT )

2️⃣ Aster ($ASTER )

3️⃣ Hyperliquid ($HYPE )

All three now post similar volumes, reshaping the competitive landscape.

⚠️ Former leaders like Jupiter, dYdX, and GMX are falling behind in this new cycle.

👀 Is this the start of a long-term multi-platform perp era?

#Crypto #perpetuals #Derivatives #LIT #ASTER #HYPE #BinanceSquare #MarketTrends