Perp DEX volume drops 34% while open interest changes little

Average daily trading volume on decentralized perpetual futures exchanges fell 34% over the past six months, while open interest declined 10%, according to Unfolded. Data cited by Unfolded showed average daily volume on perp DEXs dropped to $21.4 billion from $32.4 billion, even as open interest edged down to $14.8 billion from $16.4 billion. Over the past year, volume on decentralized perpetual futures exchanges fell sharply while open interest saw little change.