Hyperliquid has reported a significant increase in trading activity, with its 24-hour trading volume reaching $9.6 billion, marking a 37% increase from the previous week, according to DefiLlama data. Despite this surge, open interest has not seen a proportional rise. In comparison, other major Perp DEXs have experienced stable or slightly declining trading volumes. Among the top Perp DEXs, Hyperliquid leads with a total value locked (TVL) of approximately $4.32 billion and an open interest of $5.62 billion. Other platforms such as Aster and Lighter reported 24-hour trading volumes of $2.71 billion and $2.35 billion, respectively, with varying TVLs and open interest figures.