If you're into the wild world of decentralized finance (DeFi), you’ve probably heard of DeFiLlama, the go-to platform for tracking total value locked (TVL) and other key metrics. Well, they’ve just dropped some exciting news that’s got the crypto community buzzing! On August 1, 2025, DeFiLlama announced they’re now tracking Okto Wallet Perps (perpetual contracts) on their Perps Volume Dashboard. This update is a game-changer for traders, especially those using Hyperliquid, a decentralized perpetuals exchange. Let’s break it down and see what this means for you!

What’s the Big Deal with Okto Wallet Perps?

Okto Wallet is making waves in the Web3 space with its user-friendly approach to blockchain interactions. Perps, short for perpetual contracts, are a type of derivative trading where you can bet on the price of an asset (like crypto) without owning it—think of it like a never-expiring futures contract. The new integration with DeFiLlama’s dashboard lets you keep an eye on the trading volume of these perps, giving you a clear picture of market activity.

The dashboard screenshot shared by DeFiLlama shows some impressive stats: annualized fees of $7.17M, revenue of $7.17M, a 30-day perp volume of $3.75M, and a 7-day volume of $3.75M. The graph itself highlights a spike in activity, suggesting growing interest in Okto Wallet’s offerings. This kind of data is gold for anyone looking to dive into or analyze DeFi trends.

How Does Hyperliquid Fit In?

Hyperliquid is a decentralized exchange (DEX) built on its own Layer 1 blockchain, designed to rival centralized exchanges with its speed and efficiency. By integrating Okto Wallet Perps with Hyperliquid, traders get a seamless experience—think near-instant trade settlements and an intuitive interface. DeFiLlama’s update essentially bridges these two platforms, making it easier to monitor and trade perps without jumping between multiple tools.

Why Should Meme Coin Fans Care?

At Meme Insider, we’re all about keeping you in the loop on anything that could impact meme tokens and the broader crypto ecosystem. While Okto Wallet Perps isn’t a meme coin itself, the increased activity in DeFi trading platforms like this can influence market sentiment. As meme coins often ride the waves of broader crypto trends, a surge in perp trading could signal more liquidity and speculative interest—perfect conditions for meme coin pumps!

What’s Next?

This move by DeFiLlama is a clear sign that the DeFi space is evolving, with tools becoming more accessible and data-driven. The community’s response on X has been positive, with users like @MemeCoin_Track and @AliceInHLworld calling it an “alpha move” and a “nice addition.” If you’re a blockchain practitioner or just a curious crypto enthusiast, now’s a great time to explore Okto Wallet and Hyperliquid to see how you can leverage this update.

Keep an eye on DeFiLlama’s Perps Volume Dashboard for real-time updates, and let us know your thoughts in the comments below! Are you planning to trade Okto Perps, or is this just another tool on your watchlist? We’d love to hear from you!