Analysis of Leading Perpetual Contract DEX Platforms: Hyperliquid Maintains the Lead

Overview of Leading Perpetual DEX Platforms

According to DefiLlama, the trading volume across major Perp DEX platforms declined on January 23. Despite the dip, some platforms still performed well.

• Platform A recorded $6.23 billion in 24-hour trading volume, with $4.48 billion TVL and $8.34 billion in open interest.
• Platform B saw trading volume drop to $4.06 billion, with $1.22 billion TVL and $2.5 billion open interest.
• Platform C reported $3.75 billion in volume, $1.02 billion TVL, and $1.24 billion in open interest.
• Platform D had $2.9 billion in trading volume, $425 million TVL, and $1.08 billion open interest.
• Platform E traded $1.85 billion, with $96.5 million TVL and $511 million in open interest.
• Platform F saw $836 million in volume, $42.79 million TVL, and $78.99 million open interest.

While trading volumes dropped from previous levels, the market remains active and worth monitoring.