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Perpetual DEX Trading Volumes Reach Record $1.2 Trillion in October

High trading incentives and increased liquidations pushed decentralized perpetual futures platforms to unprecedented volume levels last month.

Summary

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Terms & Concepts
  • Perpetual DEX: A decentralized exchange that offers perpetual futures contracts without an expiration date.
  • Perpetual futures: A type of futures contract that has no set expiry, allowing traders to hold positions indefinitely.
  • Liquidations: The forced closure of a trader’s position when losses exceed margin thresholds.