Wu Blockchain has learned, according to CryptoRank data, that the total trading volume of perpetual contract DEXs in July 2026 dropped to approximately $531 billion, a month-on-month decrease of 21%, ending the two-month upward trend since April. CryptoRank pointed out that during the same period, the spot market and centralized exchange futures trading also experienced similar declines, indicating a cooling in overall crypto trading activity in July.