This article spotlights five high-revenue, yet un-tokenized Decentralized Perpetual Exchanges (Perp DEXs), focusing on their protocol revenue, technical features, and growth potential. These projects demonstrate genuine profitability amidst intense competition in the sector. edgeX: The High-Performance Contender edgeX set a new revenue record for Perp DEXs in September 2025, with cumulative revenue reaching $49.47 million, solidifying its position as the second-highest revenue generator in th...

This article spotlights five high-revenue, yet un-tokenized Decentralized Perpetual Exchanges (Perp DEXs), focusing on their protocol revenue, technical features, and growth potential. These projects demonstrate genuine profitability amidst intense competition in the sector. edgeX: The High-Performance Contender edgeX set a new revenue record for Perp DEXs in September 2025, with cumulative revenue reaching $49.47 million, solidifying its position as the second-highest revenue generator in th...