What’s Driving the Surge in DEX Trading Volumes?
Have you noticed a significant uptick in decentralized exchange (DEX) trading volumes lately? Major platforms like Lighter have reported increases exceeding 40% in daily trading activity. For instance, perpetual DEXs saw their monthly trading volume soar to a whopping $1 trillion in October 2025, a substantial increase from $739 billion in September. This spike indicates a heightened interest among both retail and institutional investors, eager to engage with the shifting crypto landscape.
Why is this happening? It seems to reflect a growing appetite for decentralized finance (DeFi) and a belief that DEXs can rewrite the rules of traditional trading. Competitors like Hyperliquid and Aster are also reporting their upticks in volume, and…




