Analysis of Leading Perpetual DEX Platforms: Trading Volumes Slightly Decline, Open Interest Remains Stable

Market Overview

According to data from DefiLlama on February 11, trading volumes across major perpetual DEX platforms experienced a slight decline, while open interest remained relatively stable. This suggests that market sentiment has not undergone significant changes.

Platform Performance

• Hyperliquid: 24-hour trading volume was approximately $6.06 billion, with TVL at around $4.22 billion and open interest at $4.97 billion.
• EdgeX: 24-hour trading volume reached approximately $3.02 billion, TVL stood at $1.81 billion, and open interest was $1.05 billion.
• Aster: 24-hour trading volume was approximately $3.01 billion, TVL was $1.09 billion, and open interest was $1.84 billion.
• Lighter: 24-hour trading volume was around $1.84 billion, TVL was $915 million, and open interest was $707 million.
• Grvt: 24-hour trading volume was approximately $1.63 billion, TVL was $899.4 million, and open interest was $396 million.
• Pacifica: 24-hour trading volume was around $936 million, TVL was $390.3 million, and open interest stood at $47.68 million.

Outlook

Despite a minor drop in trading volumes, the market continues to operate at relatively high levels, with no signs of panic or significant capital outflows. This indicates that user interest and confidence in perpetual DEX platforms remain strong.