Gate News, April 6: DefiLlama data shows that on-chain perpetual contract (Perp) DEX trading volume has been falling for 5 consecutive months since it peaked in October 2025. In March 2026, Perp DEX trading volume fell to $699 billion, down about 48.6% from the $1.36 trillion peak in October 2025. Daily data also indicates weakening activity: on April 4, single-day trading volume dropped to $8.4 billion, the first time since September 2025 it fell below $10 billion, and it hit a new low since July 2025. This reflects a continued cooldown in leveraged trading and speculative demand. In addition, current Perp DEX trading volume remains highly concentrated among top platforms; in the past 30 days, Hyperliquid recorded about $185.5 billion in trading volume, accounting for roughly 34% of the total volume of the top ten platforms.
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