@rowanduston
The Perp DEX sector has fully matured—no longer just "experimental" infrastructure.Key 2025 numbers:
• On-chain perp volume: >$6.7T
• DEX-only open interest stabilized at $15–20B
• Annualized protocol fees: ~$900MBut this is no longer a diversified "basket" play.Liquidity has voted decisively: one core asset is rapidly pulling away from the pack. My latest report dives deep into why—and names the only protocol worth serious allocation today. Read it here:
https://paragraph.com/@0x9891d4d7182d13fed32a7a843bb5e1b7921d3242/perpetual-dexs-as-an-investable-market #Hyperliquid #HYPE #Perps #DeFi
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