Overview of Mainstream Perp DEXs: Aster's trading volume has significantly declined, while Hyperliquid's trading volume has shown relatively small fluctuations.

BlockBeats News, February 25 — According to data from DefiLlama, the trading volume of major Perp DEXs has mostly rebounded, with Aster experiencing a significant decline and dropping to fourth place; Lighter is now in second. Hyperliquid remains at the top, with a slight increase in open interest, small fluctuations in trading volume, and maintaining its leading position. The current ranking of major Perp DEXs by trading volume is as follows:

Hyperliquid’s 24-hour trading volume is approximately $6.37 billion, TVL is about $4.2 billion, and open interest is around $5.49 billion;

Lighter’s 24-hour trading volume is approximately $3.13 billion, TVL is about $920 million, and open interest is around $714 million;

EdgeX’s 24-hour trading volume is approximately $2.39 billion, TVL is about $183 million, and open interest is around $994 million;

Aster’s 24-hour trading volume is approximately $2.34 billion, TVL is about $1.06 billion, and open interest is around $1.79 billion;

Variational’s 24-hour trading volume is approximately $1.21 billion, TVL is about $107 million, and open interest is around $681 million;

Pacifica’s 24-hour trading volume is approximately $625 million, TVL is about $36.3 million, and open interest is around $59.66 million.

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