BTC$96,420.35+2.64%ETH$3,428.92+1.87%USDT$1.00-0.02%SOL$214.61+5.12%BNB$682.40+0.94%XRP$2.31-1.74%USDC$1.00+0.01%ADA$0.9124+3.21%DOGE$0.3182-3.42%AVAX$38.72+2.05%TRX$0.2418+0.77%LINK$22.94+4.18%DOT$7.14-1.12%MATIC$0.5286+1.44%LTC$108.40+1.02%SHIB$0.00-2.18%UNI$14.06+3.66%APT$9.62-0.84%ATOM$6.48+0.36%XLM$0.4162+6.42%ARB$0.8214-2.66%OP$1.84+2.94%NEAR$5.34+3.08%FIL$4.72-1.38%HBAR$0.2748+4.86%BTC$96,420.35+2.64%ETH$3,428.92+1.87%USDT$1.00-0.02%SOL$214.61+5.12%BNB$682.40+0.94%XRP$2.31-1.74%USDC$1.00+0.01%ADA$0.9124+3.21%DOGE$0.3182-3.42%AVAX$38.72+2.05%TRX$0.2418+0.77%LINK$22.94+4.18%DOT$7.14-1.12%MATIC$0.5286+1.44%LTC$108.40+1.02%SHIB$0.00-2.18%UNI$14.06+3.66%APT$9.62-0.84%ATOM$6.48+0.36%XLM$0.4162+6.42%ARB$0.8214-2.66%OP$1.84+2.94%NEAR$5.34+3.08%FIL$4.72-1.38%HBAR$0.2748+4.86%
LLedgerWire
defi

Perpetual DEXs take a bigger share of derivatives volume

On-chain order books are closing the latency gap with centralised venues.

By Nadia Okonjo · Editor in chief · Jul 30, 2026 · 5 min read

Perpetual DEXs take a bigger share of derivatives volume

Decentralised perpetual venues processed a record share of total futures volume last month.

Improved matching engines and app-chains cut confirmation latency dramatically.

Market makers say fee rebates, not technology, still drive most of the migration.

derivativesdex