DEXes volumes hit another all-time high with $613.3 billion during October 2025 (19.84% of CEXes volume)

Decentralized exchange (DEX) trading volume set a new all‑time high in October 2025, reaching about $613–620 billion in spot DEX volume and representing roughly 20% of centralized exchange (CEX) spot volume, according to DefiLlama data and industry recaps. At the same time, decentralized perpetual futures DEXs crossed the $1 trillion monthly volume threshold for the first time, with estimates around $1.18–1.36 trillion in October 2025 depending on methodology, underscoring a broader structural shift in crypto trading toward onchain venues.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Perp DEX Volumes Hit 9-Month Low After October Peak (coinmarketcap.com)
• Perp-DEX Trading Volumes Plummet Over 50% Since October (forklog.com)
• Is the Future of Crypto Perpetual? The Meteoric Rise of Perp DEXs (coingecko.com)
• Crypto Exchange May Recap - CryptoRank (cryptorank.io)
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