Hey there, crypto enthusiasts! If you’ve been keeping an eye on the decentralized finance (DeFi) space, you’ve probably heard of DeFiLlama, the go-to aggregator for tracking total value locked (TVL) and other key metrics. Well, they’ve just dropped some exciting news that’s worth diving into. On August 1, 2025, DeFiLlama announced they’re now tracking Axiom Exchange perps (perpetual futures) on their shiny new Perps Volume Dashboard. Let’s break it down and see what this means for traders and blockchain practitioners like you!

What’s the Big Deal with Axiom Exchange Perps?

First off, let’s talk about perps. Perpetual futures are a type of derivative contract that lets you trade assets like cryptocurrencies without an expiration date. This means you can hold your position as long as you want, as long as you manage your margin (the collateral you put up). Axiom Exchange, built on the Hyperliquid protocol, takes this to the next level by offering up to 50x leverage. That’s right— you can amplify your trades by up to 50 times your initial investment, which can mean big wins (or big losses) depending on how the market moves.

The tweet from DeFiLlama comes with a slick dashboard snapshot showing key metrics for Axiom Perps:

Perp Volume 30d: $1.527 billion
Perp Volume 7d: $326.87 million
Perp Volume 24h: $34.65 million
Cumulative Perp Volume: $5.294 billion

Check out the dashboard in action:

DeFiLlama Axiom Perps Dashboard showing volume metrics over time

That graph? It’s a visual feast of trading activity, with blue bars showing how much volume has flowed through Axiom Perps over the past month. The peaks and troughs give you a sense of how volatile (and exciting!) this market can be.

Why This Matters for DeFi Traders

So, why should you care? For one, having Axiom Perps on DeFiLlama’s dashboard means more transparency. DeFiLlama is known for its ad-free, accurate data, and now you can track Axiom’s trading volume in real-time. This is a game-changer if you’re into leveraged trading, as it helps you gauge market sentiment and liquidity. Speaking of liquidity, the dashboard doesn’t show exact liquidity figures yet, but a reply from user Sage.Adams asked about it— a hint that the community is eager to know more!

Plus, with Hyperliquid’s tech backing Axiom, you get near-instant trade settlements and support for up to 20,000 operations per second. That’s speed that rivals centralized exchanges, but with the decentralized perks we all love— no middlemen, full control over your funds.

How to Get Started

If you’re tempted to jump in, head over to Axiom Exchange to explore their platform. The integration with Hyperliquid means you can trade perps with that juicy 50x leverage, but a word of caution: high leverage is a double-edged sword. Make sure you understand margin requirements and risk management before diving in. The DeFiLlama dashboard is your new best friend here— use it to monitor volumes and spot trends.

What’s Next for Axiom and DeFiLlama?

This move by DeFiLlama signals a growing interest in tracking niche DeFi products like perps. As the space evolves, we might see more platforms like Axiom getting the spotlight. For meme token fans (hey, this is Meme Insider after all!), keep an eye out— some of these perps might eventually include meme coins, blending the wild world of memes with serious trading strategies.

For now, this update is a win for anyone looking to deepen their DeFi knowledge. Bookmark the Perps Volume Dashboard and follow DeFiLlama on X for more updates. Got questions? Drop them in the comments— we’re here to help you navigate this crypto jungle!