最新报道:Crypto perpetual futures (perps) are gaining traction as a key derivative product in DeFi, offering traders leveraged exposure without expiration dates. Unlike traditional futures, perps use funding rates to maintain price alignment with spot markets, incentivizing arbitrage when discrepancies arise. Major protocols like dYdX, GMX, and Synthetix dominate the space, with dYdX processing over $1B daily volume. Perps appeal to both speculators and hedgers, though risks include funding rate volatility and liquidation risks during extreme market moves. The market has grown to $100B+ in open interest, with centralized exchanges still leading but decentralized platforms rapidly catching up.