Decentralized perpetual exchanges reached a record high in September, with trading volume surpassing $1 trillion for the first time, nearly 50% higher than in August, according to data from DefiLlama.
The surge, initially driven by Hyperliquid, is being fueled by fresh entrants such as Aster, a BNB Chain-based platform backed by Binance-linked YZi Labs, and Lighter, an Ethereum Layer 2 exchange that launched its public mainnet beta on Wednesday.
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