Onchain perpetual futures trading has sharply declined for five consecutive months, with March 2026 volume dropping to $699 billion from a peak of $1.36 trillion in October 2025. Hyperliquid dominates the market, capturing 34% of recent trading activity.

Onchain perpetual futures trading has sharply declined for five consecutive months, with March 2026 volume dropping to $699 billion from a peak of $1.36 trillion in October 2025. Hyperliquid dominates the market, capturing 34% of recent trading activity.

Onchain perpetual futures trading has sharply declined for five consecutive months, with March 2026 volume dropping to $699 billion from a peak of $1.36 trillion in October 2025. Hyperliquid dominates the market, capturing 34% of recent trading activity.

Onchain perpetual futures trading has cooled for five straight months since peaking in October 2025. Perp volume on decentralized exchanges (DEXs) fell to $699 billion in March 2026 from October’s $1.36 trillion, according to DefiLlama data. The decline has been steady across the period, with volu

Drift Protocol, a decentralized perpetual contract protocol in the Solana ecosystem, suffered a hacker attack today, with estimated losses ranging from $136 million to $220 million. The attacker withdrew about 41.7 million JLP tokens from the treasury, causing the DRIFT token to plunge by more than 30%. The official team has not responded yet, and experts are urging users to pause interactions to avoid further losses.

_Katana ties KAT token value to perp trading revenue after IDEX deal, strengthening its position in derivatives markets._ Katana has acquired decentralized exchange IDEX in a move that ties a live perpetuals venue directly to its growing blockchain network. The deal gives Katana control over exchan

Hyperliquid, a crypto-native derivatives platform, has launched perpetual contracts tied to the S&P 500, one of the world’s most widely followed benchmarks. The contracts allow traders to access the benchmark index 24/7, bypassing traditional market hours, and mark a growing trend of tokenising

Hyperliquid (HYPE) is picking up speed as new products and rising trading activity continue to push the platform forward. One of the biggest developments is the launch of S&P 500 perpetual contracts, marking the first licensed perp tied to the index. This move opens the door for deeper