Cryp2Nova

DEFI Markets Derivatives Perpetual Protocol Trade Market Share

DeFi

Each on-chain perpetuals protocol's share of total trading volume across all perpetuals protocols, expressed as a percentage Shown here for Vertex Edge.

Why it matters

To see which perpetuals trading protocols are capturing the largest portion of on-chain derivatives activity.

How it is built

Dividing each protocol's trading volume over a period by the combined trading volume of all tracked perpetuals protocols.

What to watch

Shifts in market share reveal which protocols are winning or losing trader flow, often driven by fee structures, incentives, or new feature launches.

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