2026-01-16 23:31:53

The DEX perpetual trading market is expected to experience explosive growth in 2025. Data shows that the trading volume of decentralized exchange perpetual contracts surged by 346%, reaching a historic high of $6.7 trillion. Behind this growth, incentive mechanisms, airdrop activities, and community enthusiasm have played a significant role—especially as the ecosystem activity of certain leading platforms continues to rise, attracting a large number of traders. Looking ahead to 2026, the market expansion seems to continue, although the growth rate may gradually become more rational. The key is who can maintain innovation and user stickiness amid competition. This round of growth indicates that many traders are gradually embracing on-chain derivatives trading—an important milestone for the entire Web3 ecosystem.

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CexIsBad

· 5h ago

346% increase, this number is a bit outrageous, is it really just fake trading? --- 6.7 trillion? Why do I feel like a bunch of USDT is just idling inside? --- The incentive mechanism is just airdrops; after the airdrop, they run away. How long has this routine been played? --- On-chain derivatives acceptance is genuinely improving, but most people are still just chasing after arbitrage opportunities. --- "Becoming more rational" by 2026? Brother, you're too optimistic. You'll know when the next bear market comes. --- What keeps top platforms sticky? Isn't it just continuous spending and incentives? --- Can this round of growth last until next year? I remain skeptical. --- Talking about milestones, but it's just another cycle of harvesting profits. --- The real question is how much of these trading volumes are fake; whether it's 67 or not remains a mystery. --- Perpetual contract trading volume has surged, and liquidation orders must have increased too. Someone's dream has been shattered again.

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GateUser-e51e87c7

· 8h ago

346%？ Damn, that's too outrageous, feels like a bubble blown up by airdrops. The contract market is really about to take off, but be careful not to become the bagholder. Is this data inflated? It doesn't seem that exaggerated. Trillions of 6.7 trillion sounds nice, but the real profit is still made by those few top platforms. What to do after the airdrop enthusiasm fades? User retention is the real issue. Has anyone really made money from on-chain derivatives, or are they all losing money? Will it continue to rise in 2026? Let's see who can survive until then. This round of growth is mainly a frenzy among the airdrop hunters, with no real significance. That's what they say, but innovation always lags behind market speed. On-chain transactions are indeed exploding, but I don't know if it will be another feast of cutting leeks.

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LiquidatedDreams

· 8h ago

346%？Crazy, the airdrop sheep herders are about to take off again --- 6.7 trillion... Wait, is this real or just hype --- The top platform ecosystem is active, in other words, built by throwing money, let’s see who’s still playing once the incentives stop --- Perpetual contracts sound great, but I still think the risks are a bit outrageous --- On-chain derivatives being gradually accepted is a good thing, but it all depends on how many people can survive and make money haha --- Will there be continued expansion in 2026? I bet five bucks there will be a major event and a crash --- This growth has been really fierce, but it seems many new rookies haven't even entered the market yet --- To be honest, the trading volume is high, but the real profit-makers are still the seasoned veterans --- What I care about is when these platforms will truly improve their risk control --- A 346% surge sounds great, but I’ve also seen plenty of news about contract market crashes

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PumpDoctrine

· 8h ago

A 346% increase sounds impressive, but in reality, it's just airdrops and incentives driving it. Once this wave of hype passes, let's see who is still standing.

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GweiTooHigh

· 9h ago

346%? I just want to know how much of this is genuine trading volume and how much is bot-driven order placement... --- 6.7 trillion sounds terrifying, but probably only a few platforms will actually survive. --- The users attracted by airdrops all end up leaving; I've seen this too many times. --- Hmm... by the time the growth rate "becomes rational," it might already be over, but anyway, it's all the same routine. --- What's so innovative? Isn't it just about whose incentives are crazier? --- On-chain derivatives are indeed a trend, but the prerequisite is that those platforms don't run away again. --- If I could trust this data, I would go all in. --- Wait, can someone tell me who actually made money in this round? --- Perpetual, perpetual, and finally a permanent cut. --- Sounds nice, but it's really just another record high in aircoin trading volume.

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NotAFinancialAdvice

· 9h ago

346%？ Uh, this number is a bit suspicious, feels like another hype season is coming --- 6.7 trillion is what concept... Really? Or is it just another bubble --- Once the airdrop mechanism was introduced, anything and everything dared to jump into trading, and then lost everything in a mess haha --- Top platforms have been talking about innovation for many years, but in the end, it's still about cutting fees --- Continuing to be rational in 2026? I think it's most likely another roller coaster, hold on to your risk management --- On-chain derivatives acceptance is a thing, but how much of this growth is real demand vs pure hype... I have no idea --- Remember last year when it was also hyped up like this, and in the end, it was a mess. Can it be different this time? --- User stickiness is attracted by airdrops... It's ridiculous, and disperses at the slightest breeze

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NFTRegretter

· 9h ago

346%？Are you joking? I just got liquidated on a major platform at the start of the year, and seeing this number makes me angry. Airdrops and incentive mechanisms are just tricks to harvest retail investors; I know exactly how much the real trading volume is. Wait, is this really a new all-time high? Then what about my previous losses... Will 2026 continue to pump? I no longer believe in this scheme; it feels like another round of harvesting. Perpetual contracts have ruined so many people, and there are still people rushing in one after another—it's unbelievable.

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NFTDreamer

· 9h ago

346% crazy, but as soon as the airdrop stops, the true colors will show. Let's see who is still around then.

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