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 18:51:40
0
Share
copy

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.

You may also like

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Overview of Important Market Events on June 17

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...

Dalio's important long article: How to position in the current market environment?

Do not confuse the excitement for new technologies with whether those tech stocks are attractive.

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...

New gameplay for participating in initial offerings on cryptocurrency exchanges

In this competition for cutting-edge assets, what has always been truly scarce is not the technology, but the underlying equity itself.

Popular coins

Latest Crypto News

iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com