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Reading: Mainstream Perp DEX Overview: Recently, trading volumes on various platforms have seen a slight increase, with Hyperliquid maintaining the top spot in trading volume – Lookonchain – Looking for smartmoney onchain
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Mainstream Perp DEX Overview: Recently, trading volumes on various platforms have seen a slight increase, with Hyperliquid maintaining the top spot in trading volume – Lookonchain – Looking for smartmoney onchain

Last updated: February 24, 2026 8:05 pm
Published: 2 months ago
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**Perp DEX Trading Volume Sees Slight Rebound (Feb 24, DefiLlama Data)** Data from DefiLlama shows that trading volumes across major perpetual futures decentralized exchanges (Perp DEXs) posted a minor rebound on February 24, while open interest and total value locked (TVL) held steady with only minimal fluctuations. Hyperliquid maintains the top spot in trading volume, with Aster ranking second. Key metrics for leading Perp DEXs are below: – **Hyperliquid** ([https://app.hyperliquid.xyz/join/NTOD](https://app.hyperliquid.xyz/join/NTOD)): 24h volume ~$65.7B | TVL ~$42.1B | Open interest ~$52.6B – **Aster** ([https://www.asterdex.com/zh-CN/referral/aboter](https://www.asterdex.com/zh-CN/referral/aboter)): 24h volume ~$32.4B | TVL ~$10.4B | Open interest ~$18B – **EdgeX**: 24h volume ~$29B | TVL ~$1.83B | Open interest ~$9.75B – **Lighter** ([https://app.lighter.xyz/?referral=70045843](https://app.lighter.xyz/?referral=70045843)): 24h volume ~$28.3B | TVL ~$8.92B | Open interest ~$8.29B – **Variational**: 24h volume ~$12.6B | TVL ~$66.18M | Open interest ~$6.15B – **Pacifica** ([https://app.pacifica.fi/?referral=pacbot](https://app.pacifica.fi/?referral=pacbot)): 24h volume ~$4.68B | TVL ~$36.45M | Open interest ~$56.59M ### Notes on U.S. English Adaptations: 1. **Conciseness**: Used short, punchy phrasing (e.g., “posted a minor rebound” instead of “has seen a slight rebound”) common in crypto news. 2. **Terminology Clarity**: Defined acronyms (Perp DEX, TVL) on first mention for readability. 3. **Number Formatting**: Used U.S. standard abbreviations ($B for billion, $M for million) and ~ for “approximately” (casual yet clear in news). 4. **Structure**: Grouped metrics with bold headers and line breaks for scannability (key for U.S. online news consumption). 5. **Link Placement**: Kept referral links but formatted them clearly (avoided cluttering text with raw URLs inline).

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