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On-chain perpetual-focused decentralized exchanges person surpassed $1 trillion successful full trading measurement this month.
Oct 24, 2025, 7:01 a.m.
On-chain perpetual-focused decentralized exchanges person deed a caller milestone, surpassing $1 trillion successful full trading measurement this period – a crisp emergence from $739 cardinal successful September. This surge marks the highest monthly trading enactment ever recorded for these platforms, according to data root DefiLlama.
The grounds measurement comes amid accrued marketplace turbulence, peculiarly connected Oct. 10, erstwhile large cryptocurrencies crashed, triggering a staggering $20 cardinal successful forced liquidations crossed some centralized and decentralized exchanges. Hyperliquid, the starring on-chain perpetual DEX, unsocial liquidated 1,000 wallets, with 205 losing implicit $1 cardinal each.
Notably, Oct. 10 besides saw on-chain perpetual markets deed a grounds single-day trading measurement of $78 billion. The surge successful volumes connected decentralized platforms underscores increasing trader assurance successful permissionless, high-leverage markets and signals that decentralized exchanges are rapidly closing the spread with their centralized counterparts.
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Stablecoin outgo volumes person grown to $19.4B year-to-date successful 2025. OwlTing aims to seizure this marketplace by processing outgo infrastructure that processes transactions successful seconds for fractions of a cent.
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AI Miners Surge Pre-Market connected Record $38B Oracle Data Center Deal Boosts Sector
A monolithic Oracle-led AI infrastructure financing ignites a crisp rally successful AI and HPC mining stocks.
What to know:
- Oracle’s $38 cardinal information halfway financing—split betwixt projects successful Texas and Wisconsin—marks a large milestone successful the company’s $500 cardinal AI infrastructure propulsion with OpenAI’s Stargate initiative.
- Cipher Mining (CIFR) and IREN (IREN) are some up 7%, portion Bitfarms (BITF) has jumped 12%, reversing caller losses aft a sector-wide correction.
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