Overview of Major Perpetual DEX Platforms: Market Volatility Causes Decline in Open Interest, Hyperliquid Leads Trading Volume

Market Overview

Due to recent market fluctuations, open interest across major perpetual contract decentralized exchanges (Perp DEX) has seen a general decline. Despite this, Hyperliquid remains at the forefront, recording a trading volume of approximately $63.6 billion within 24 hours.

Platform Data Overview

• Hyperliquid: 24-hour trading volume of approximately $63.6 billion, TVL of approximately $45.7 billion, and open interest of approximately $87.7 billion;

• Aster: 24-hour trading volume of approximately $46.6 billion, TVL of approximately $12.5 billion, and open interest of approximately $26.1 billion;

• Lighter: 24-hour trading volume of approximately $33.6 billion, TVL of approximately $10.7 billion, and open interest of approximately $13.3 billion;

• EdgeX: 24-hour trading volume of approximately $28.2 billion, TVL of approximately $4.27 billion, and open interest of approximately $11.6 billion;

• Paradex: 24-hour trading volume of approximately $27.2 billion, TVL of approximately $2.26 billion, and open interest of approximately $6.41 billion;

• Pacifica: 24-hour trading volume of approximately $9.22 billion, TVL of approximately $465.4 million, and open interest of $829.5 million.