Make Money While Making It Rain: Check Out the Recent Developments of These Top Perpetual DEXs

Blockbeats

Oct 30

According to the latest on-chain data, the market landscape of decentralized perpetual contract exchange (Perp DEX) has become relatively clear. In terms of 24-hour trading volume, Aster leads the ...

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In terms of 24-hour trading volume, Aster leads the ...</p>\n\n<a href=\"https://www.theblockbeats.info/en/news/60044\">Source Link</a>\n\n</div>\n","source":"theblockbeats_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Make Money While Making It Rain: Check Out the Recent Developments of These Top Perpetual DEXs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMake Money While Making It Rain: Check Out the Recent Developments of These Top Perpetual DEXs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-30 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theblockbeats.info/en/news/60044><strong>Blockbeats</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>According to the latest on-chain data, the market landscape of decentralized perpetual contract exchange (Perp DEX) has become relatively clear. In terms of 24-hour trading volume, Aster leads the ...</p>\n\n<a href=\"https://www.theblockbeats.info/en/news/60044\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4579","symbol_name":"人工智能","start_time":0,"source_url":"https://www.theblockbeats.info/en/news/60044","article_id":"2579154715","we_media_id":null,"thumbnails":[],"rights":{"source":"theblockbeats_highlight","url":"https://www.theblockbeats.info/en/news/60044","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2579154715","pubTimestamp":1761786960,"columns":[],"sourceInfo":{"source_id":"theblockbeats_highlight","name":"Blockbeats"},"weMediaInfo":null,"summary":"According to the latest on-chain data, the market landscape of decentralized perpetual contract exchange (Perp DEX) has become relatively clear. In terms of 24-hour trading volume, Aster leads the pac","collect":0,"end_time":0,"defaultTopTitle":"theblockbeats.info","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4579":"人工智能","BK4534":"瑞士信贷持仓","BK4516":"特朗普概念","TWTR":"Twitter","BK4508":"社交媒体","BK4077":"互动媒体与服务"},"translate_title":"一边下雨一边赚钱：查看这些顶级永续指数的最新动态","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWTR":0.9},"content_text":"According to the latest on-chain data, the market landscape of decentralized perpetual contract exchange (Perp DEX) has become relatively clear. In terms of 24-hour trading volume, Aster leads the pack with $121.2 billion, Lighter follows with $86.16 billion in second place, Hyperliquid ranks third with $59.58 billion, while edgeX and ApeX Protocol hold the fourth and fifth positions with $50.6 billion and $21.22 billion, respectively.The total trading volume of these five platforms exceeds $338 billion, occupying an absolute dominant position in the entire Perp DEX track.For investors and traders who want to delve deeper into the Perp DEX track, focusing on the dynamics of these five major platforms is fundamental to understanding the direction of the entire track. Therefore, this article from BlockBeats elaborately details the recent significant developments, product updates, and community activities of these 5 platforms to help readers fully grasp the latest trends in the current decentralized derivative trading market.Lighter1. Suspected insider reveals Lighter's funding amount is $1.5B.Recently, an insider who accurately predicted Coinbase's acquisition of Echo and Kalshi's $12 billion valuation hinted in the same cryptic format that Lighter's funding amount reached $15 billion. This news has attracted widespread attention in the community, and although it has not been officially confirmed, the insider's previous accurate predictions have added momentum to this rumor.From the market performance perspective, the prediction data on Polymarket shows investors have high hopes for Lighter: 88% probability believes that its FDV on the first day of listing will exceed $20 billion, and 55% probability believes it will exceed $40 billion. Meanwhile, the OTC market price remains stable at around $80.2. Lighter CEO hints at Lighter's airdrop node during a major holiday.The latest hint from Lighter's CEO on Twitter has given the community a clearer expectation of the airdrop timing. He explicitly stated that the second-quarter reward plan would end before the end of the year, but not on December 31, and tweeted, \"the holidays will be lit this year.\"Considering all this information, the community generally speculates that the airdrop is most likely to take place during the most important Western holiday - Christmas.Polymarket's data further confirms this expectation, showing that the probability of Lighter completing the airdrop by December 31 is as high as 90%. This means that participants may receive their long-awaited token rewards before the end of the year.3. Rule Adjustment for Lighter's Second SeasonThis month, Lighter announced adjustments to the point distribution rules for the second season compared to the first season. 200,000 points will be distributed every Friday, covering trading activities from Wednesday to the next Tuesday. The allocation mechanism is more diversified, taking into account various dimensions such as trading volume, holdings, treasury limits, liquidation and leverage ratios, P&L, and trading categories.It is worth noting that the points do not have a simple linear relationship with trading metrics. For example, double the trading volume may result in triple or 1.5 times the points, and this non-linear design aims to encourage more diverse trading behavior. The platform employs a combined automated and semi-automated witch detection system, allowing each user to have a maximum of 10 accounts without penalty; any excess will be subject to punishment.For more details, please refer to the official documentation.4. Tokenomics and Product RoadmapTwo weeks ago, the founder of Lighter conducted a Russian AMA session, revealing some key information:Lighter plans to allocate 25-30% of the tokens for point airdrops in the first and second seasons, with the community's total allocation reaching 50%. The remaining portion will be used for future airdrops, partner programs, and funding projects.On the product side, the spot trading feature is expected to be launched by the end of October or early November, with the initial listing of core assets such as ETH, BTC, followed by selected meme coins and partner projects.Roadmap for the Next 6-12 Months: Implement cross-margin functionality by the end of the year, allowing the use of spot as collateral for perpetual contracts; launch EVM \"sidecar\" smart contract extension early next year; RWA derivatives (precious metals and crypto-related stocks) planned to go live by year-end; options and dark pool functionalities scheduled for release next year and late next year, respectively.5. Arbitrage OpportunitiesCommunity user Your Quant Guy shared an Arbitrage Alpha strategy about Lighter, with an annualized return of approximately 51.5%.6. Data PerformanceAccording to a community-created dashboard website and lighterlytics data, Lighter's data growth is displayed. Lighter's current TVL is 1.15B, with a growth rate of 481% over the past three months.The platform's 24-hour revenue has reached $598,000, indicating high trading activity on the platform. Liquidity providers dominate, with Premium Maker holding an 81.9% market share. Premium Taker holds a market share of 11.6%.The top ten traders on Lighter predominantly trade two assets: ETH and HYPE. The top-ranked trader has a primarily short ETH position, with a total position value of $25.52 million and a realized profit of $3.21 million, having executed 83 trades and holding 20 positions.Aster1. Phase Three Airdrop PlanOn October 6, Aster seamlessly transitioned to the third phase of the reward plan, \"Aster Dawn,\" which will last for 5 weeks until November 9. This plan introduces an innovative multi-dimensional Rh point scoring system, taking into account factors such as trading volume, holding period, ASTER ecosystem assets (such as asBNB, USDF), realized gains and losses, and team referral contributions.Highlights of the Dawn plan include: 4% of the total ASTER supply specifically allocated for the third phase airdrop; spot trading included in the point system for the first time, no longer limited to perpetual contracts; specific trading pairs (such as AT, AT, AT, ON, etc.) enjoy a 1.2x points bonus; the team referral standard fee is set at 10%, with large holders eligible to apply for a higher tier. Scores are recalculated weekly to ensure fairness, with the specific formula kept confidential to prevent wash trading.The second phase rewards were available for query starting on October 10, with withdrawals commencing on October 14, and no lock-up period.2. Launch of BuybackIn October, Aster officially launched the token buyback plan for the third phase (S3). Once the buyback is completed, the repurchased tokens will be transferred to the same address as the S2 buyback and will then commence the S3 airdrop distribution.Based on an estimated daily platform transaction fee of $15 million, the market anticipates that the total buyback amount will exceed $200 million. Several community members and analysts believe that if this buyback plan continues, it could drive the ASTER price to the $10 target level.Regarding the buyback analysis, KOL Michael Liu had some additional insights and detailed content: There is a significant discount in the current valuation of Aster; all KOL round chips have either been OTC repurchased at the current price or have all been unlocked, with high chip concentration; Binance's internal funding exposure to Aster has no limit. These factors together form the bullish fundamental logic.3. Mobile and AI Trading EventThe Aster App has officially launched on the iOS App Store and Google Play Store, allowing users to trade anytime, anywhere. This marks a significant milestone in the platform's user experience.More notably, the launch of the \"Aster Vibe Trading Arena\" has taken place. This event is aimed at the world's top AI traders and developers, with a total prize pool of 50,000 ASTER tokens. Participants are required to build an automated AI system \"Vibe Trader\" capable of live trading through the Aster API. The winning team will also have the opportunity to establish a long-term partnership with Aster.The competition timeline is as follows: Submissions will be accepted from October 21 to November 3, and the final winners will be announced no later than November 21. The judging process includes Aster's initial screening, community voting, and the core team's final decision.Additionally, inspired by nof1 (@the_nof1), the MoneySharks project has launched a similar perpetual contract trading competition on Aster involving six large-scale language models, each starting with 1 BNB (approximately $1,100). Currently, all six large-scale language models are in a loss-making position, with the first place, just like nof1's test results, being deepseek.Hyperliquid1. Season 3 on the HorizonRenowned community member Raccoon Chan (@RaccoonHKG) has speculated on the \"Season Three November\" through clues, indicating that Hyperliquid's third quarter airdrop plan will be launched in November. This news has fueled anticipation among users actively participating in trading.2. Significant Achievements of HIP-3 UpgradeThe HIP-3 upgrade activated on October 13 brought significant changes to the ecosystem. The most prominent success story was trade.xyz and its launch of XYZ100 — a tokenized Nasdaq 100 futures tracking the top 100 non-financial companies in the U.S. The product saw a trading volume exceeding $35 million on its first day, demonstrating strong market demand.According to Hyperliquid News: trade.xyz set a new all-time high for daily trading volume, reaching $77.57 million. It generated $37,789 in revenue within 24 hours, with a total accumulated revenue exceeding $217,000. Following the current growth trajectory, some analysts believe that by Christmas, trade.xyz's trading volume will surpass that of the established platform dYdX.It is worth mentioning that trade.xyz is currently fully open, with only users at the front of the reservation queue able to use it.3. The Robinhood EffectOn October 23, after Robinhood listed HYPE, the token saw a daily price increase of 25%. More importantly, there was sustained buying support: according to arthur.hl (@ArthuronH), Robinhood is currently buying approximately $3.7 million worth of HYPE per day, compared to just $2.4 million a few days ago. The net purchase rate even exceeded that of SOL, demonstrating strong demand for HYPE from traditional financial platforms.4. HyperEVM Native ProtocolHyperliquid Daily (@HYPERDailyTK) compiled and summarized the native protocol of HyperEVM covering DeFi protocols to innovative applications, making HyperEVM an essential choice for developers.edgeX1. edgeX's 24-Hour Revenue Performance Surpasses HyperliquidAccording to Artemis's \"Top Chains by Fees\" data, edgeX has surpassed Hyperliquid in 24-hour fee revenue, reaching $2.3 million and becoming the new fee king on-chain. This highlights the platform's high transaction activity and user stickiness.In terms of bridging fund flows, edgeX ranks second in net inflows in the past 24 hours, trailing only behind Ethereum, demonstrating strong fund attraction.2. TGE Signal Further ClarifiededgeX's official Twitter initiated a widely followed poll: \"Preparing something special for the mainnet. If our mascot is Maru (a seal), what should the token symbol be?\" This tweet received over 111,000 views and 141 replies within 24 hours, interpreted by several media outlets as a clear signal of an upcoming TGE.edgeX administrators further confirmed in the Telegram group that TGE-related matters are progressing as planned. Starting this week, the team will progressively disclose relevant information and will soon hold community calls and Q&A sessions to ensure users have a full understanding of the tokenomics and distribution plan.ApeX1. Launch of Ape Season 1 Points AirdropApeX officially kicked off the Season 1 Core Points Program on October 6. This is a large-scale user incentive activity lasting nearly three months. The program started with a warm-up on September 29 and will run until December 28, spanning 12 epochs.Season 1 has set up a reward pool of 69 million APE points, distributing 5.75 million points weekly. The distribution takes place every Wednesday at 8 AM UTC, calculated based on the previous week's user activity data.The point acquisition channels include: Trading Volume (60%); Referral System (20%); TVL Treasury (10%); Liquidation Operations (5%); Holding Interest (5%);Additionally, if you join the ApeX fleet team, you will also receive a corresponding bonus based on the team's weekly trading volume. Users can receive a multiplier of 1.05 to 1.5: $5 billion in trading volume receives 1.05x, $10 billion receives 1.10x, $30 billion receives 1.15x, $50 billion receives 1.20x, $80 billion receives 1.30x, and top teams achieving over $100 billion will enjoy the highest multiplier of 1.5x.There are also multiple special bonuses: Additional multiplier for depositing via the Mantle Network; Staking APEX tokens for 3-24 months for tiered bonuses; Pre-launch participants receive a bonus based on early adopter compounding factor; Users with historical trading activity on platforms like Hyperliquid, Aster, EdgeX, etc., can also receive the \"DEX Pioneer Bonus.\"2. Kaito AI Collaboration: $100,000 Creator Support PlanApeX has partnered with Kaito AI to launch a creator incentive plan lasting over two months, with a total prize pool of up to $100,000 USDT. The program runs from October 27 to January 4, 2026, divided into 5 two-week cycles, with the top 100 high-quality creators rewarded in each cycle with a $20,000 bonus.Creator ranking is based on a comprehensive score across three dimensions:Content Quality accounts for the highest percentage (50%), covering market analysis, ApeX platform tutorials, trading strategy sharing, DeFi industry discussions, and meme culture content. This means that both in-depth research content and light-hearted creative works have the opportunity to be rewarded.Social Interaction makes up 30%, mainly considering likes, comments, and retweets on the Twitter platform. This encourages creators to not only produce high-quality content but also actively engage with the community to expand their influence.Ecosystem Value Contribution accounts for 20%, evaluating the creator's actual contribution to the ApeX ecosystem, such as attracting new users and promoting feature usage.Of particular note, if creators are also active traders, they can receive additional bonuses. Achieving a weekly trading volume of $500,000 will receive a 1.25x points multiplier, while exceeding $2 million will enjoy a 2x multiplier. In addition, highly active creators can also receive up to a 30% discount on trading fees.3. AI Trading CompetitionThe AI Trading Arena launched on October 20 provides algorithmic trading enthusiasts with a stage to showcase their skills. The competition features a prize pool of 25,000 USDT and supports AI trading bots that integrate through API/SDK.The platform offers each participating fund an initial fund of $5,000 and allows up to 100x leverage.4. ApeX Trader ClubTargeting platform power users, ApeX has launched the Trader Club program. Running from October 17 to November 13 for a duration of 4 weeks, it distributes a weekly reward of $2,000 USDT, totaling $8,000.The entry requirement is a mandatory 6-month trading volume validation to ensure that members are genuine active traders. The club operates through an exclusive Telegram community, providing a platform for deep engagement and information sharing among high net-worth traders, forming a close-knit community of elite traders.\nWelcome to join the official BlockBeats community:\nTelegram Subscription Group: https://t.me/theblockbeats\nTelegram Discussion Group: https://t.me/BlockBeats_App\nOfficial Twitter Account: https://twitter.com/BlockBeatsAsia","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}