Perp DEX sector is showing early signs of stabilization after a brutal 7-day pullback—most protocols down 13-52%, but 24h volumes holding steady at $200M+ aggregate, with $ASTER and $DYDX posting modest green candles. Hyperliquid still dominates with $650M daily volume and a $10B market cap, but its -13% weekly dip highlights broader liquidity crunch hitting leveraged trading. Mid-tiers like $ASTER (+10% 24h on $1.2B vol) and $JUP are testing support levels, while laggards like $MYX (-46% 7d) and $APEX (-52%) face the heat from fading hype. We're likely in a classic post-pump consolidation: funding rates normalizing, open interest dipping, and whales rotating into blue-chips like $SOL perps for the next leg up. If $BTC holds $60K and risk appetite rebounds, Q4 could flip this to a perp boom—unlocking billions in TVL as traders chase 20x yields without expiry drama. Bottom line: Perps aren't dead; they're reloading. Watch $ASTER for the breakout signal. @EdgenTech
1.74K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.