According to Odaily Planet Daily, in October 2025, the total trading volume of decentralized perpetual contract exchanges (perp DEX) surged to a record $1.2 trillion, nearly doubling from the previous month. The growth was primarily driven by platforms such as Lighter, Aster, EdgeX, Pacifica, and Apex. Lighter led the pack with approximately 27% market share, while Hyperliquid's market share dropped from 33% in the previous month to 10%.
The surge in trading volume was primarily driven by two factors: first, incentive mechanisms such as "points programs" launched by various platforms; and second, the wave of liquidations triggered by the sharp market fluctuations on October 10th, which forced both long and short positions to be closed out simultaneously. Following the event, many traders increased their trading frequency to recoup losses.
Odaily Planet Daily reported that Solana's decentralized contract exchange BULK has allegedly launched a points program. By staking SOL through BLUK's verification nodes, users can earn a 7.5% staking APY while accumulating "something" - although the official did not explicitly mention points, its co-founder kdot enlarged the word "POINTS" when forwarding related news, which may be a hint at the points program.
Earlier news, BULK announced that it had completed an $8 million seed round of financing, led by 6th Man Ventures and Robot Ventures, with participation from Big Brain Holdings, Wintermute and Solana co-founder Anatoly Yakovenko.
According to Odaily Planet Daily, Gate Ventures, the venture capital arm of Gate, announced today the completion of its strategic acquisition of ADEN, a decentralized cryptocurrency perpetual swap exchange (Perp DEX). According to CoinMarketCap, the platform ranks third among decentralized perpetual swap exchanges globally, with monthly trading volume exceeding $20 billion and over 200,000 users worldwide. This acquisition is a key strategic initiative for Gate to expand into the decentralized derivatives market. Following the integration, ADEN will migrate to Gate Layer, Gate's proprietary high-performance Layer 2 network, with an expected official launch date of November 3rd.
Odaily Planet Daily reported that according to on-chain data, the cumulative trading volume of Gate's decentralized perpetual contract platform Gate Perp DEX has exceeded US$1 billion, demonstrating strong user growth and market activity.
Gate Perp DEX relies on the Gate Layer high-performance second-layer network, has a built-in high-performance matching engine, supports high-concurrency processing and low-latency transactions, and provides global users with a high-speed, transparent and secure decentralized derivatives trading experience with excellent liquidity.
According to official information from Odaily Planet Daily, as of 10:00 am on October 13, the cumulative transaction amount of Gate Perp DEX perpetual contract agreement reached US$503,646,890, and the cumulative number of completed transactions was 542,631.
In addition, the Gate Perp DEX trading competition is underway. Completing a series of tasks, including submitting product feedback, completing your first transaction, and impacting trading rankings, will give you a chance to win a surprise airdrop of up to 500 GT.
Gate Perp DEX is a high-performance perpetual contract trading platform with a decentralized architecture built on Gate's high-performance second-layer network Gate Layer. With excellent liquidity as its core advantage, it aims to provide users with an extremely fast, transparent and secure trading experience.
