According to a report by Castle Labs, the share of on-chain perpetual contract DEXs in global perpetual contract trading volume has risen from 0.11% in January 2023 to 12.33% in September 2026. Meanwhile, on-chain RWA perpetual contracts have grown rapidly, covering traditional assets like stocks, commodities, and Pre-IPO. In July 2026, monthly trading volume once reached approximately $147.5 billion, accounting for 19.6% of that month’s on-chain perpetual contract trading volume. As of September 24, the total open interest on Perp DEXs is around $14.64 billion, with Hyperliquid at approximately $8.32 billion (56.8%), Aster at 9.7%, and Variational at 6.2%. https://www.(wublock123.com)/news/castle-labs-perpetual-dex-onchain-volume-rises-12-33-percent-69377