The total perpetual contract trading volume on on-chain exchanges reached approximately $2 trillion in Q3.
According to Jinse Finance, a chart released by cryptounfolded shows that in the third quarter of 2025, the total trading volume of perpetual contracts on on-chain exchanges reached approximately 2 trillion USD. Hyperliquid ranked first with a 47% market share, while Lighter and Aster together accounted for 36% of the market share.
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