Rewards Hub Hyperliquid continues to dominate the perpetual decentralized exchange (Perp DEX) market, maintaining its lead with a 24-hour trading volume of approximately $6.37 billion, according to DefiLlama data. The platform also boasts a total value locked (TVL) of about $4.2 billion and an open interest of approximately $5.49 billion.
Meanwhile, Aster has experienced a significant decline, dropping to fourth place in trading volume rankings. Lighter has moved up to second place with a 24-hour trading volume of around $3.13 billion, a TVL of $920 million, and an open interest of $714 million. EdgeX follows with a trading volume of $2.39 billion, while Aster's volume stands at $2.34 billion. Variational and Pacifica round out the list with volumes of $1.21 billion and $625 million, respectively.
Hyperliquid Leads Perp DEX Volume as Aster Drops to Fourth
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