Wednesday October 8, 2025

2025’s Perp DEX Wars: New Money, New Tech, No off-Switch

2025’s Perp DEX Wars: New Money, New Tech, No off-Switch

by Jamie Redman September 26, 2025 1 min read

(Originally posted on : Bitcoin News )

Perpetual futures have become crypto’s main event, and the perp DEX wars—led by Hyperliquid, Aster, GMX, DYdX, ApeX, Drift, Jupiter, EdgeX, and Sunperp—are where the action won’t quit. From Order Books to Onchain: Inside 2025’s Perp DEX Dogfight Perpetuals are derivatives without an expiry; funding payments between longs and shorts keep contract prices tethered to […]

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