CoinGecko Report: Perp CEX Trading Volume to Reach $85.3 Trillion in 2025, DEX Share to Rise Significantly

According to a CoinGecko report, the full-year trading volume of crypto perpetual futures CEXs reached $85.3 trillion in 2025. However, the average monthly trading volume of the top 11 Perp CEXs in the first four months of 2026 dropped to $4.69 trillion from $7.11 trillion in 2025, a decrease of 34%. Among them, BingX's market share rose from 3% to 5%, while Bitget's average monthly trading volume fell by more than 60% from $740.62 billion to $287.08 billion. In the same period, the average monthly trading volume of the top 12 Perp DEXs increased from $1.5 trillion in 2024 to $6.38 trillion in 2025, and is expected to remain flat or surpass this figure in 2026. Perp DEXs' share of the overall open interest has risen to 13.5%, with platforms like Hyperliquid driving the increasing weight of decentralized perpetual trading in the overall market.