Trading volumes on perpetual decentralized exchanges (Perp DEXs) have decreased amid a lack of macroeconomic events, according to DefiLlama data. Despite the decline in trading activity, open interest remains high, suggesting that leveraged positions are still held. Hyperliquid, a leading Perp DEX, saw its trading volume fall by 21% from the previous day, with WTI crude oil contract volumes dropping 33% to $120 million. Currently, Hyperliquid leads with a 24-hour trading volume of approximately $7.95 billion, a total value locked (TVL) of $4.51 billion, and an open interest of $6.09 billion. Other notable Perp DEXs include Aster with a $3.06 billion trading volume, EdgeX at $2.67 billion, Lighter at $2.28 billion, Grvt at $1.51 billion, and Pacifica at $485 million.