DEXs Conquer Perps Market: Decentralized Exchanges Take on CEX Dominance

Decentralized exchanges (DEXs) are making significant strides in capturing market share for perpetual futures trading, challenging the dominance of centralized exchanges (CEXs). While CEXs have long dominated crypto derivatives, DEXs like dYdX, GMX, and Orbs have emerged with innovative solutions that address technical challenges to offer a truly decentralized perps experience. This shift is driven by growing user demand for privacy, security, and access, as well as the increasing adoption of DeFi principles.