On April 10, DefiLlama data revealed a decline in overall trading volumes on chain-based perpetual decentralized exchanges (Perp DEXs). Despite the downturn, Hyperliquid and TradeXYZ experienced a slight increase in open interest within the HIP-3 ecosystem.
Hyperliquid led the market with a 24-hour trading volume of approximately $8.23 billion and an open interest of about $7.46 billion. TradeXYZ followed with a trading volume of $3.02 billion and an open interest of $1.74 billion. Aster surpassed EdgeX and Lighter to rank second in trading volume, reporting $2.07 billion with an open interest of $1.91 billion. Lighter and EdgeX recorded trading volumes of $1.90 billion and $1.84 billion, respectively, while Pacifica trailed with $422 million in trading volume.
Perp DEX Trading Volumes Decline; Hyperliquid and TradeXYZ Open Interest Rises
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