The crypto market continues to heat up, with perpetual contract platforms showing strong performance. According to DefiLlama data, trading volumes across leading platforms saw significant increases on January 29.
Hyperliquid Maintains Market Leadership
Hyperliquid experienced growth in both trading and open interest, recording a 24-hour trading volume of $9.26 billion, TVL of $4.59 billion, and open interest reaching $8.68 billion. Analysts attribute this growth to recent 24-hour market volatility, which expanded positions organically.
Aster Sees Over 70% Trading Surge
- 24-hour trading volume: $4.26 billion
- TVL: $1.21 billion
- Open interest: $2.54 billion
Aster emerged as a standout performer, climbing to second place in trading volume and demonstrating strong momentum in the market.
Key Platform Performance Snapshot
- Lighter: Trading volume $3.97 billion, TVL $982 million, open interest $1.36 billion
- EdgeX: Trading volume $3.08 billion, TVL $240 million, open interest $1.05 billion
- Grvt: Trading volume $2.24 billion, TVL $963.7 million, open interest $527 million
- Extended: Trading volume $1.87 billion, TVL $209 million, open interest $379 million
- Pacifica: Trading volume $905 million, TVL $43.15 million, open interest $82.5 million
Overall, liquidity and user engagement across perpetual DEX platforms are on the rise, signaling continued expansion in the DeFi derivatives sector.