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

Perpetual futures have grow to be crypto’s major occasion, and the perp DEX wars—led by Hyperliquid, Aster, GMX, DYdX, ApeX, Drift, Jupiter, EdgeX, and Sunperp—are the place the motion received’t stop. From Order Books to Onchain: Inside 2025’s Perp DEX Dogfight Perpetuals are derivatives with out an expiry; funding funds between longs and shorts hold contract costs tethered to […]



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