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Reading: Ethereum Traders Shift From CEXs To On-Chain Perps As HFDX Open Interest Climbs
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DeFi

Ethereum Traders Shift From CEXs To On-Chain Perps As HFDX Open Interest Climbs

Last updated: February 8, 2026 10:30 am
Published: 3 months ago
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is becoming a focal point in a wider market shift as traders are moving from centralized exchanges to on-chain perpetual futures. This is a result of a growing interest in self-custody, transparent execution, and decentralized trading. As market participants reassess counterparty risk and exchange solvency, on-chain perps are emerging as a preferred alternative.

HFDX is a new financial infrastructure that is based on non-custodial perpetual futures and structured DeFi strategies. It is executed completely on-chain, catering to crypto-native users. It is a new financial infrastructure that is based on non-custodial perpetual futures and structured DeFi strategies. It is executed completely on-chain, catering to crypto-native users.

In a bid to address risks associated with centralized exchanges, traders are turning to on-chain perpetual futures as a new alternative.

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