Decentralized perpetual futures (perps) are experiencing significant growth, with monthly trading volume recently exceeding $1 trillion for the first time. This milestone, reported by Centora, highlights the increasing popularity and acceptance of decentralized finance (DeFi) in the derivatives market. The surge in trading volume suggests growing interest from both retail and institutional investors seeking alternative trading platforms that offer leverage and exposure to a wide range of assets, including cryptocurrencies. Decentralized perps provide users with greater control over their funds and trading strategies, bypassing traditional intermediaries. This record-breaking volume signals a maturing DeFi ecosystem and reinforces the potential of decentralized platforms to challenge established centralized exchanges in the long term. As the DeFi space continues to evolve and innovate, we can expect further growth and adoption of decentralized perpetual futures. ```