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A recent interesting phenomenon—among the most active perpetual contract DEXs by trading volume, three have chosen solutions from the StarkNet ecosystem. edgeX runs on StarkEx, Paradex uses StarkNet Appchain, and Extended directly utilizes the StarkNet mainnet. All three have made it into the top five in trading volume over the past 24 hours, indicating that this technological approach is indeed attracting trading activity.
Looking at the entire market, the trading enthusiasm for perpetual DEXs has noticeably increased recently. Eight platforms have already surpassed $1 billion in daily trading volume, a figure that was roughly a new industry high last year. According to data from DeFiLlama, the competitive landscape in derivatives trading is also changing rapidly, with platforms using different technical solutions starting to compete intensely.