Perp DEX market share holds at 10% after peaking at 25% in late 2025

As of March 2026, decentralized derivatives exchanges (Perp DEXs) accounted for 10% of the total trading volume for perpetual contracts, Unfolded reported. This marks a significant increase from just 2% in early 2023. The market share for these exchanges grew steadily throughout last year, reaching a high of approximately 25% in late 2025 before stabilizing at the current 10% level.