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![GemBooster Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1648057554071703572.png) Froggy 🐸 [@GemBooster](/creator/twitter/GemBooster) on x 57K followers
Created: 2025-07-23 09:10:26 UTC

Perp DEX volume is exploding crossing $22B+ daily, the highest in recent months.

Hyperliquid continues to dominate, but newer players like KTX, Vertex, and Drift are gaining serious ground.

DeFi traders are back, and on chain leverage is heating up fast.

![](https://pbs.twimg.com/media/Gwh_wvhWwAA0hCI.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947947404319199424/c:line.svg)

**Related Topics**
[drift](/topic/drift)
[vertex](/topic/vertex)
[hyperliquid](/topic/hyperliquid)
[$22b](/topic/$22b)
[perp](/topic/perp)

[Post Link](https://x.com/GemBooster/status/1947947404319199424)