📊 Perp DEX Market Share – 6M Trend
The perpetual DEX landscape is shifting fast, and data shows how dominance is being reshaped:
🔹 Hyperliquid Perps remain the clear leader, holding the largest share across the past 6 months.
🔸 Lighter V2 Perps is emerging strongly, showing sharp growth in mid-2025.
🟠 Paradex & Jupiter Perpetual maintain steady but smaller slices of the pie.
⚡ Newcomers like Avantis, Aster, Drift & edgeX are starting to capture meaningful volume.
What this shows: Traders are diversifying beyond legacy players, and liquidity is spreading across more specialized perp protocols.
👉 Which DEX do you think will lead the next wave of adoption?