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Perpetual futures exchange Grvt is making the case that decentralized perp venues have moved from niche to necessary, as on-chain data from The Block and DefiLlama shows the perp DEX sector capturing a growing share of total crypto perpetuals volume against centralized competitors.
The argument, framed around what Grvt calls "composable onchain wealth," places the protocol at the center of what it describes as the fastest-growing sector in Web3.
Perp DEXs Claim Ground on Centralized Exchanges Perpetual futures have emerged as the dominant instrument in crypto derivatives markets, and decentralized venues offering them have grown faster than any other segment in Web3, according to the source material citing The Block and DefiLlama data covering March 2024 through March 2026.
The shift reflects a broader migration of derivatives flow from centralized order books to on-chain infrastructure.
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