@lananh891
2025 Wrap-Up: Top Perpetual DEXs by FDV
Perpetual DEXs became one of the strongest narratives of 2025, led by Hyperliquid, Aster, and Lighter. However, despite broad adoption, most perp tokens are trading far below their ATHs. At the same time, a new wave of perp DEXs is emerging, with multiple token launches expected soon - keeping the narrative active into the next year.
$HYPE $ASTER $MYX $JUP $AVNT $APEX $DYDX $DRIFT $GMX $GNS
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