Update on Leading Perpetual DEX Platforms: Trading Volumes Rebound and Open Interest Rises

Market Data Overview

According to recent data released on January 27, trading volumes on various perpetual decentralized exchanges (DEXs) showed an upward trend. Among them, Hyperliquid maintained its leadership with a 24-hour trading volume of over $7.14 billion, while open interest also experienced a slight increase. In addition, the Lighter platform saw a significant rise in trading volume, currently ranking second. In contrast, Pacifica experienced a slight decline in trading activity.

Detailed Platform Metrics

• Hyperliquid: 24-hour trading volume of approximately $7.14 billion, TVL of approximately $4.41 billion, and open interest of approximately $8.12 billion;

• Lighter: 24-hour trading volume of approximately $4.24 billion, TVL of approximately $1 billion, and open interest of approximately $1.22 billion;

• EdgeX: 24-hour trading volume of approximately $3.53 billion, TVL of approximately $235 million, and open interest of approximately $1.03 billion;

• Aster: 24-hour trading volume of approximately $3.27 billion, TVL of approximately $1.22 billion, and open interest of approximately $2.52 billion;

• Paradex: 24-hour trading volume of approximately $1.94 billion, TVL of approximately $219 million, and open interest of approximately $759 million;

• Extended: 24-hour trading volume of approximately $1.82 billion, TVL of approximately $209 million, and open interest of approximately $340 million;

• Pacifica: 24-hour trading volume of approximately $581 million, TVL of approximately $43.09 million, and open interest of approximately $81.5 million.