According to @MilkRoadDaily, perpetual DEXs gained 10.3%, with GMX (GMX) and dYdX (DYDX) leading performance as traders keep hunting leverage on-chain (source: @MilkRoadDaily, Aug 16, 2025 tweet). The source suggests this leverage demand is driving relative strength in GMX and DYDX tokens within the decentralized derivatives segment (source: @MilkRoadDaily).