The on-chain perpetual trading market is experiencing significant shifts and growth that continue to redefine the competitive landscape. As of today, September 27, according to data shared by market analyst Phoenix Group, the globe perpetuals DEX weekly trading volumes exceeded $64 billion. Catalysts responsible for this growth include advancing innovative trading platforms striving to fulfil users’ needs and the surging demand from customers hunting for decentralized financial offerings. As per the data, perpetual DEXs (decentralized exchanges) are gaining popularity not just from institutional investors but also from retail traders who are willing to trade up to 1000x leverage. As the demand for seamless and convenient DEXs grows, the analyst tracked top-performing on-chain perpetual trading platforms by their trading volumes.