PERP DEX VOLUMES HIT RECORD $1.2T AMID INCENTIVES AND LIQUIDATIONS

Summary from the TLDR Crypto newsletter

Perpetual futures DEXs recorded a historic $1.2 trillion in trading volume in October, nearly double September's total, driven by incentive programs and the October 10 liquidation event. Platforms like Lighter, Aster, EdgeX, Pacifica, and ApeX all hit new highs, while Lighter captured a 27% market share, overtaking Hyperliquid, which fell to 10% from 33% just a month earlier.