DEX trading volumes are skyrocketing, fueled by the booming activity of mainstream perpetual DEXs like Lighter. Notably, Lighter has seen a significant surge in volume, exceeding 40% on some exchanges, according to recent data. This trend reflects growing competition among DEX platforms as they adapt to surging liquidity demands. Lighter’s $12.78 billion 24-hour trading volume at the helm highlights this rapid growth. The rise comes amid a wave of optimism within the crypto market, which may be attracting new investors to perpetual DEXs. Lighter’s upcoming Token Generation Event (TGE) likely amplifies the excitement, offering potential rewards for community members, and further driving interest. 2025’s trading volume trends point towards a continued expansion in decentralized finance (DeFi), with the sector reaching over $1 trillion monthly in October 2025. This growth is visible not only in mainstream DEX platforms but also in Ethereum’s market cap and trading volume. Despite Ethereum’s market capitalization of $382.47 billion and a current price of $3,168.89 on CoinMarketCap, it still holds strong with a 24-hour trading volume of $42.76 billion. The increase in DEX activity, driven by the growing popularity of decentralized derivatives trading, is fueled by advancements in governance tokens and supply chain improvements within the decentralized ecosystem. This trend suggests broader market adoption and innovation within the DEX framework.