Mainstream Perp DEX Overview: Recent Weak Liquidity, Lighter Trading Volume Leads

By: theblockbeats.news|2025/12/26 19:46:07
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BlockBeats News, December 26. According to DefiLlama data, in the past 24 hours, the trading volume of mainstream Perp DEXes has been sluggish, and on-chain liquidity has not yet recovered. Lighter leads in trading volume, with EdgeX surpassing Hyperliquid to take second place. The current trading volume of some Perp DEXes is as follows:

Lighter has a 24-hour trading volume of approximately $47.5 billion, a TVL of around $13.9 billion, and $15.1 billion in open interest;

EdgeX has a 24-hour trading volume of approximately $27.7 billion, a TVL of around $3.65 billion, and $7.42 billion in open interest;

Hyperliquid has a 24-hour trading volume of approximately $24.5 billion, a TVL of around $41.3 billion, and $70.9 billion in open interest;

Aster has a 24-hour trading volume of approximately $20.6 billion, a TVL of around $12.7 billion, and $24.2 billion in open interest;

ApeX has a 24-hour trading volume of approximately $15.9 billion, a TVL of around $46.35 million, and $2.59 billion in open interest;

Variational has a 24-hour trading volume of approximately $10.9 billion, a TVL of around $66.18 million, and $4.85 billion in open interest;

Backpack has a 24-hour trading volume of approximately $8.13 billion, TVL not disclosed, and $2.16 billion in open interest;

referral=pacbot" target="_blank">Pacifica has a 24-hour trading volume of approximately $6.5 billion, a TVL of around $41.36 million, and $61.9 million in open interest.

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