Wu Blockchain reports that according to CryptoRank's statistics, on-chain perpetual contract trading volume in 2025 grew more than threefold year-on-year, with the market shifting from Hyperliquid's near-monopoly to intense competition. Influenced by memecoin liquidity rotation, Perps trading volume hit a historic high of $1.8 trillion in October, before falling back to $864 billion by year-end. Currently, Lighter, Aster, and Hyperliquid have similar trading volumes, while previously leading platforms like Jupiter, dYdX, and GMX are temporarily lagging behind. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54832