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Mainstream Perp DEX Overview: Hyperliquid Rises to the Top with $9.8 Billion in Trading Volume, Lighter Falls to Second

By: theblockbeats.news|2025/11/25 18:45:52
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BlockBeats News, November 25, according to Defilama data, the past 24 hours saw a rebound in Perp DEX trading volume, Hyperliquid experienced a significant increase in trading volume, currently ranking first, while Lighter dropped to second place. The current partial Perp DEX trading volume is as follows:

Hyperliquid reported a 24-hour trading volume of approximately $98.7 billion, a TVL of around $43.6 billion, and open interest of $63.8 billion;

Lighter recorded a 24-hour trading volume of about $91.5 billion, a TVL of approximately $11.9 billion, and open interest of $17.1 billion;

Aster had a 24-hour trading volume of around $83.2 billion, a TVL of about $13.4 billion, and open interest of $22.5 billion;

EdgeX saw a 24-hour trading volume of approximately $59.1 billion, a TVL of roughly $4.53 billion, and open interest of $7.29 billion;

ApeX's 24-hour trading volume was about $27.9 billion, with a TVL of $48.36 million and open interest of $32.74 million;

Variational's 24-hour trading volume stood at around $12.5 billion, with a TVL of $71.23 million and open interest of $36.5 million;

Backpack reported a 24-hour trading volume of about $11.4 billion, TVL not disclosed, and open interest of $19.2 million;

Pacifica had a 24-hour trading volume of approximately $6.27 billion, a TVL of around $41.63 million, and open interest of $50.78 million.

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