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=agizcTrading Bot: https://t.me/AveSniperBot?start=ref_agizcAndroid: 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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