Hyperliquid Surpasses $9.6 Billion in Trading Volume: Analysis of Major Perp DEX Platforms

Hyperliquid Sees Significant Trading Volume Surge

According to DefiLlama data on March 4, the decentralized trading platform Hyperliquid experienced a substantial increase in trading activity. Its 24-hour trading volume reached approximately $9.6 billion, marking a 37% increase compared to the previous week.

Interestingly, despite the surge in trading volume, the platform’s open interest did not rise correspondingly, indicating that market participants may be leaning towards short-term trading strategies.

Performance of Other Major Perp DEX Platforms

• Aster: 24-hour trading volume of approximately $2.71 billion, TVL of around $1.01 billion, and open interest of about $1.81 billion.

• Lighter: 24-hour trading volume of approximately $2.35 billion, TVL of around $850 million, and open interest of about $666 million.

• EdgeX: 24-hour trading volume of approximately $1.91 billion, TVL of around $179 million, and open interest of about $1.01 billion.

• Grvt: 24-hour trading volume of approximately $1.68 billion, TVL of around $939.8 million, and open interest of about $431 million.

• Pacifica: 24-hour trading volume of approximately $371 million, TVL of around $36.09 million, and open interest of about $66.64 million.