Perp DEX daily volume hits $70B, second highest on record

Daily trading volume on decentralized perpetual futures exchanges (Perp DEXs) surpassed $70 billion on Feb. 5, the second-highest figure on record, Wu Blockchain reported, citing data from DefiLlama. The volume marks the highest level since the market downturn on Oct. 10, 2025. Hyperliquid (HYPE) led the activity with $24.7 billion in volume, followed by Astar (ASTER) and edgeX with $10 billion and $8.7 billion, respectively.