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Perp DEX Volume Hits $611B, Bitcoin Breaks $75K & ETH Accumulation Spike
Audio is available on Spreaker — see link below.
Perpetual DEX monthly volume surges to $611 billion as centralized exchange volume collapses 34%, while Bitcoin breaks below $75K on record ETF outflows and Ethereum logs its largest single-day accumulation since January. Today's briefing covers the structural shift in derivatives trading, Hyperliquid's top-ten ranking, the Blockchain.com IPO filing, and Grayscale's third altcoin ETF amendment.
Audio is available on Spreaker — see link below.
Perpetual DEX trading volume just crossed six hundred billion dollars a month in average terms, while centralized exchange volumes collapsed by thirty-four percent. That's not a blip.
The most concrete signal is Hyperliquid. A fully decentralized exchange just posted one hundred ninety billion dollars in April volume alone, ranking ninth globally.
Elsewhere, Bitcoin broke below seventy-five thousand dollars for the first time in a month. The confluence here matters.
Ethereum, meanwhile, is telling a different story on-chain. On May twentieth, two hundred forty-eight thousand four hundred ETH flowed into long-term accumulation addresses in a single day.
Two other developments worth tracking. Blockchain.com filed confidentially with the SEC for a US IPO, joining a growing wave of crypto infrastructure companies moving toward public markets.
Binance issued a fresh denial of allegations involving Iran-linked transaction processing. The company has contested this category of claim before, and the story remains unresolved.
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