# Perpetual DEX: The New Financial Infrastructure

Page: https://stenobird.com/podcast/smarter-crypto-trading-with-ave-ai-7108754/perpetual-dex-the-new-financial-infrastructure
Text version: https://stenobird.com/podcast/smarter-crypto-trading-with-ave-ai-7108754/perpetual-dex-the-new-financial-infrastructure.md
Podcast: [Smarter Crypto Trading with Ave AI](https://stenobird.com/podcast/smarter-crypto-trading-with-ave-ai-7108754)
Published: 2025-11-24T21:23:24+00:00
Episode link: https://rss.com/podcasts/ave-ai-insights-smarter-crypto-trading-for-the-future/2345156
Audio file: https://content.rss.com/episodes/302380/2345156/ave-ai-insights-smarter-crypto-trading-for-the-future/2025_11_24_21_23_15_e4d8646c-29d7-49d2-a901-b51c1a847081.mp3
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JSON: https://stenobird.com/v1/public/podcasts/smarter-crypto-trading-with-ave-ai-7108754/episodes/perpetual-dex-the-new-financial-infrastructure
Duration seconds: 891

## Resource

During the deepest part of the crypto cycle, something unusual happened: on-chain perpetuals took off . In October 2025, monthly on-chain perp volume exceeded $1 trillion , breaking all historical records in both YoY and MoM growth. Spot markets stagnated, CEX futures growth slowed, but platforms like Hyperliquid, ApeX, Orderly , and new L2-native engines quietly entered the “$100B cumulative volume club.” Web Platform: https://ave.ai/?lang=en&ref=agizc Trading Bot: https://t.me/AveSniperBot?start=ref_agizc Android: https://play.google.com/store/apps/details?id=ai.ave.platform iOS: https://apps.apple.com/us/app/ave-pro/id6741381461

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## Transcript

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