Overview of Mainstream Perp DEXs: Hyperliquid trading volume slightly declines, with position funds still dominating

BlockBeats News, January 28, according to DefiLlama data, most platforms saw an increase in trading volume over the past 24 hours, but Hyperliquid’s trading volume has actually declined, currently ranking first with approximately $6.52 billion. Its open interest remains slightly up at $8.49 billion despite the shrinking trading volume, mainly because funds may have been pre-positioned, leading to a cooling of short-term trading. During the same period, Lighter ranks second with a trading volume of about $3.91 billion. The current trading volume situation of some major Perp DEXs is as follows:

Hyperliquid 24-hour trading volume is about $6.52 billion, TVL is approximately $4.57 billion, and open interest is about $8.49 billion;

Lighter 24-hour trading volume is about $3.91 billion, TVL is approximately $1.01 billion, and open interest is about $1.27 billion;

EdgeX 24-hour trading volume is about $3.27 billion, TVL is approximately $234 million, and open interest is about $1.05 billion;

Aster 24-hour trading volume is about $2.53 billion, TVL is approximately $1.23 billion, and open interest is about $2.58 billion;

Grvt 24-hour trading volume is about $2.15 billion, TVL is approximately $94.6 million, and open interest is about $518 million;

Paradex 24-hour trading volume is about $1.97 billion, TVL is approximately $222 million, and open interest is about $773 million;

Pacifica 24-hour trading volume is about $824 million, TVL is approximately $42.9 million, and open interest is about $83.8 million.