DEXes volumes hit another all-time high with $613.3 billion during October 2025 (19.84% of CEXes volume)
Defillama •
Revision history
8 recorded changes
Want your article here?
Promote with Leviathan NewsDecentralized 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)
- cycle network (x.com)
Explore the topic
More on DefiLlama
A growing share of lending activity now happens through curated vaults. DefiLlama Research and Sentora investigate the 'vaultification' of onchain lending and the vault economy in this new report.
Defillama ·
Many eurotraders are displaced by the full implementation of MiCA. Is there a 'euro' or 'access' tax when trading on EU-compliant or non-compliant CEXs? DefiLlama Research investigates.
𝕏/@defillama_res ·
LlamaSwap launches on Robinhood Chain, shopping DEX aggregators for best route with zero added fees
𝕏/@DefiLlama ·
DefiLlama hiring a new analyst for research on defi and crypto, applications due Sunday
𝕏/@0xngmi ·
DefiLlama launches risk scenario planning for Morpho vaults, mapping dependencies and modeling potential losses across oracles, bridges, sequencers and collateral
𝕏/@DefiLlama ·
DefiLlama launches a watchlist tool that lets users track token performance and discover spot and perpetual markets across exchanges from one dashboard
𝕏/@DefiLlama ·
A growing share of lending activity now happens through curated vaults. DefiLlama Research and Sentora investigate the 'vaultification' of onchain lending and the vault economy in this new report.
Defillama ·
Many eurotraders are displaced by the full implementation of MiCA. Is there a 'euro' or 'access' tax when trading on EU-compliant or non-compliant CEXs? DefiLlama Research investigates.
𝕏/@defillama_res ·
LlamaSwap launches on Robinhood Chain, shopping DEX aggregators for best route with zero added fees
𝕏/@DefiLlama ·
DefiLlama hiring a new analyst for research on defi and crypto, applications due Sunday
𝕏/@0xngmi ·
DefiLlama launches risk scenario planning for Morpho vaults, mapping dependencies and modeling potential losses across oracles, bridges, sequencers and collateral
𝕏/@DefiLlama ·
DefiLlama launches a watchlist tool that lets users track token performance and discover spot and perpetual markets across exchanges from one dashboard
𝕏/@DefiLlama ·