Leading Perpetual DEXs See Decline in Trading Volumes: Hyperliquid Experiences Notable Drop

Market Overview

On February 27, according to data from DefiLlama, major decentralized perpetual contract exchanges (DEXs) experienced a significant decline in their 24-hour trading volumes. Among them, Hyperliquid, a prominent platform, saw a drop of about 15.5% in trading volume compared to the previous day, yet remained the leader. Aster maintained its position in second place with relatively stable trading volume.

Platform Data Highlights

• Hyperliquid reported a 24-hour trading volume of approximately $6.03 billion, with a total value locked (TVL) of around $4.24 billion and open interest of about $5.48 billion;

• Aster recorded a 24-hour trading volume of approximately $2.46 billion, with a TVL of around $1.06 billion and open interest of about $1.87 billion;

• EdgeX recorded a 24-hour trading volume of approximately $2.27 billion, with a TVL of around $182 million and open interest of about $104 million;

• Lighter reported a 24-hour trading volume of approximately $2.08 billion, with a TVL of around $870 million and open interest of about $712 million;

• Grvt recorded a 24-hour trading volume of approximately $1.27 billion, with a TVL of around $957.6 million and open interest of about $408 million;

• Pacifica reported a 24-hour trading volume of approximately $718 million, with a TVL of around $36.23 million and open interest of about $61.6 million.