Perp DEX market share at 10% after peak of 25% in late 2025

As of March 2026, decentralized derivatives exchanges (Perp DEXs) accounted for 10% of the total trading volume for perpetual contracts, up from 2% in early 2023. The market share grew steadily throughout 2025, peaking at approximately 25% in late 2025 before stabilizing at the current level.

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