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Perpetual trading volume hits 10-month low amid steady crypto market cap growth

Market News
27 Apr 2026
AMBCrypto
View Source
Neutral
pluang ai news

Perpetual trading volumes on decentralized exchanges dropped sharply to $8.35 billion on April 25, the lowest in ten months, signaling reduced short-term trading activity. Despite this, the overall cryptocurrency market capitalization grew by about $27 billion, remaining stable near $2.6 trillion. The decline was largely driven by Hyperliquid, which accounted for nearly 66% of the volume decrease. However, open interest remained stable or slightly increased, suggesting traders are holding positions rather than exiting, indicating cautious but ongoing market engagement. Early signs from April 26 hint at a potential market expansion following this period of subdued derivatives activity.

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