Hyperliquid has maintained its dominance in the perpetual decentralized exchange (Perp DEX) market with a 24-hour trading volume of approximately $11.78 billion, according to DefiLlama data. The platform's total value locked (TVL) stands at $4.4 billion, with open interest at $6.02 billion. EdgeX has shown significant trading activity, surpassing Lighter to secure the third position in the rankings. EdgeX reported a 24-hour trading volume of $541 million, a TVL of $200 million, and open interest of $861 million. Despite the increase in trading volumes across platforms, open interest has remained stable, suggesting that current market activity is focused on position turnover rather than new-position openings.