According to DefiLlama data, on April 10 on-chain Perp DEX market trading volume fell, with Aster’s trading volume in second place. The major trading volume rankings were, in order: Hyperliquid, TradeXYZ, and Aster.

On April 10, the Bitcoin price broke through $72k again. According to Coinglass data, the funding rates on major trading platforms show that the market’s bearish sentiment is strengthening. Funding rates are used to balance the contract price with the asset price; a rate below 0.005% indicates that the market is broadly bearish.

April 9 news: After TradeXYZ’s trading volume doubled yesterday, it fell back, and Hyperliquid’s overall trading volume dropped below $10 billion. Based on the current ranking of major Perp DEX trading volumes, Hyperliquid, TradeXYZ, and EdgeX occupy the top three spots.

The decentralized exchange aggregator Jupiter launched a Token Verification API (VRFD) on April 8, allowing developers to implement programmatic verification during token creation. The API uses a three-step process; developers must burn 1,000 JUP tokens to submit a verification request, and it requires no Gas fees. The initiative aims to become the standard foundational infrastructure for Solana projects.

Solana decentralized exchange Stabble issues an emergency notice urging liquidity providers to withdraw funds due to a security risk involving a former North Korean employee. The warning was disclosed by on-chain investigator ZachXBT, in the context of a U.S. warning about the infiltration of North Korean technical personnel. Stabble emphasizes that no attack has happened yet and will conduct a new security audit.

Gate News update, April 7, the decentralized exchange Aster and World Liberty Financial (WLFI) announced that they have reached a partnership. Both sides are moving forward with deep coordination at the ecosystem level and exploring integration options for each of their tokens. Based on the details of the collaboration, USD1 will become the exclusive settlement asset for Aster’s TradFi perpetual contracts on the platform.

Solana ecosystem DEX aggregator Titan launched the on-chain router DART on April 7. By dynamically allocating trading volume to the best liquidity sources in real time, it reduces trading costs; tests show costs are below 0.02%. In the future, it will expand to more trading pairs, and the DART API will enter the beta testing phase.

DefiLlama data shows that after the peak in October 2025, on-chain perpetual contract DEX trading volume has fallen for 5 consecutive months, dropping to $699.0 billion in March 2026, setting a new low. This reflects weakening demand for leveraged trading and speculation, with trading volume concentrated on a small number of leading platforms.

Osmosis DEX updated a Cosmos Hub proposal, deciding not to mint additional ATOM anymore, but instead to gradually acquire the required ATOM through market purchases for OSMO/ATOM conversions. The capped amount is less than 2.5% of the total ATOM supply. It has now entered the governance discussion stage; if the proposal is approved, it will achieve liquidity and governance integration.

The Cardano Foundation has partnered with Flowdesk to launch a multi-million-dollar liquidity enhancement initiative aimed at strengthening the trading depth and stability of decentralized exchanges and advancing DeFi capabilities. By injecting ADA tokens and optimizing liquidity management, the program will improve market conditions, attract institutional investors, and support the ongoing growth of the Cardano ecosystem.