State of Crypto Perpetuals Report 2026

ahboyashreads (@ahboyashreads), May 21, 2026, 12:16 UTC

State of Crypto Perpetuals Report 2026 $85.3T in perp CEX volume for 2025 + Perp DEXes rising as competitors with monthly average volume climbing to $611.57B in 2026 Highlights show MEXC and BingX leading new perp listings, CEX volumes dropping 34% year-over-year, and DEX:CEX volume ratio peaking at 13% with DEXes now holding 13.5% of total open interest Newer DEX protocols like Pacifica, Extended, and Variational gained 3-4% market share in April as total crypto open interest fell from $120.4B to $99.1B https://www.coingecko.com/research/publications/state-of-crypto-perpetuals-report-20…

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