SUI News Today: Perpetual DEXs See $1.2 Trillion Boom, But Underlying Issues Remain in Crypto Derivatives Competition
- Perp DEX trading volumes hit $1.2T in Oct 2025, driven by incentive programs and market liquidations. - Lighter (27% share) and BNB-backed Aster led growth, while Hyperliquid's share dropped to 10% despite strong fundamentals. - Sui blockchain's HyperSui raised $2M, signaling potential to boost DeFi TVL to $3B and drive SUI price to $11.20. - Analysts warn of structural challenges despite short-term growth, with volumes expected to stabilize unless new liquidation events occur.
According to a report by
The record-breaking activity for the month was mainly attributed to two factors: trading motivated by incentives and the ripple effects of a major liquidation event. The report notes that leading
Lighter claimed the top spot, securing 27% of the market by the end of October. Aster, supported by Binance's
The
With 700,000 daily active users and $2 billion in TVL already, Sui's ecosystem could see further growth from HyperSui's advanced liquidity solutions and AMM trading model. Analysts suggest that if the bullish trend persists, SUI's price could climb to $11.20, according to the release.
Looking forward, the report anticipates a short-term slowdown in perp DEX trading volumes after October's peak, unless another major liquidation event occurs. Still, ongoing incentive campaigns and growing institutional participation are likely to keep activity above pre-October levels. For now, the perp DEX sector remains highly competitive, with platforms striving to attract traders seeking leverage and liquidity in an increasingly fragmented crypto derivatives market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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