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Reading: Mainstream Perp DEX Overview: Trading volumes on various platforms have seen a slight decrease, with overall open interest experiencing relatively small fluctuations – Lookonchain – Looking for smartmoney onchain
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Mainstream Perp DEX Overview: Trading volumes on various platforms have seen a slight decrease, with overall open interest experiencing relatively small fluctuations – Lookonchain – Looking for smartmoney onchain

Last updated: February 11, 2026 6:40 pm
Published: 2 months ago
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On February 11th, DefiLlama data shows **trading volumes on major perpetual DEX platforms dipped slightly**, while open interest held relatively stable. Hyperliquid still leads in trading volume, followed by EdgeX — Aster’s volume saw a notable drop. Here’s the latest breakdown of key perp DEX metrics: – **Hyperliquid** (link: https://app.hyperliquid.xyz/join/NTOD): 24hr trading volume ~$60.6B, TVL ~$42.2B, open interest ~$49.7B – **EdgeX**: 24hr trading volume ~$30.2B, TVL ~$18.1B, open interest ~$10.5B – **Aster** (link: https://www.asterdex.com/en/referral/aboter): 24hr trading volume ~$30.1B, TVL ~$10.9B, open interest ~$18.4B – **Lighter** (link: https://app.lighter.xyz/?referral=70045843): 24hr trading volume ~$18.4B, TVL ~$9.15B, open interest ~$7.07B – **Grvt**: 24hr trading volume ~$16.3B, TVL ~$89.94M, open interest ~$3.96B – **Pacifica** (link: https://app.pacifica.fi/?referral=pacbot): 24hr trading volume ~$9.36B, TVL ~$39.03M, open interest ~$47.68M ### Notes on American English tweaks: – Used **”dipped slightly”** (casual, common in crypto news) instead of “has slightly dropped” – Abbreviated **”24hr”** (standard in quick updates) – Used **”~”** (tilde) for “around” (shorter, more readable) – Streamlined transitions (e.g., “still leads” → natural flow) – Kept metric abbreviations (TVL, open interest) consistent with industry norms in U.S. crypto media

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