CEX and Perp DEX Daily Perpetual Trading Volumes Hit Record Highs

The source says centralized exchanges led by Binance and decentralized perpetual exchanges led by Hyperliquid HIP-3 reached new single-day volume records.

HYPE

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Terms & Concepts
  • Perpetual futures: A crypto derivatives product with no expiry date, allowing traders to hold leveraged positions continuously.
  • CEX: A centralized exchange, where a company operates the trading platform and holds custody or control over user assets.
  • DEX: A decentralized exchange that lets users trade through blockchain-based systems without a traditional central intermediary.