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💎 DeFi🔴 BearishImportance 6/10
Onchain perp DEX volumes fall for five straight months after October peak
🤖AI Summary
Perpetual DEX daily trading volumes have declined for five consecutive months since their October peak, falling to $8.4 billion on April 4. This marks the first time volumes dropped below $10 billion since September and represents the lowest level since July 2023.
Key Takeaways
- →Perpetual DEX volumes fell to $8.4 billion on April 4, breaking below $10 billion for the first time since September.
- →This represents five straight months of declining volumes following an October peak.
- →Current volume levels are at their lowest point since July 2023.
- →The sustained decline indicates weakening activity in onchain perpetual futures trading.
- →DefiLlama data confirms the continuous downward trend in perp DEX engagement.
Read Original →via CoinTelegraph – DeFi
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