Mainstream Perp DEX Overview: Aster Trading Volume Sees Significant Decline, Hyperliquid Volume Stable

By: theblockbeats.news|2026/02/25 19:05:12

BlockBeats News, February 25th, according to DefiLlama data, the total trading volume of mainstream Perp DEXs has mostly rebounded, while Aster's trading volume has experienced a significant decline, dropping to fourth place; Lighter now ranks second. Hyperliquid still holds the top spot, with a slight increase in open interest, relatively stable trading volume, maintaining its leading position. The current major Perp DEX trading volume rankings are as follows:

Hyperliquid 24h Trading Volume: ~$6.37 billion, TVL: ~$4.20 billion, Open Interest: ~$5.49 billion;

Lighter 24h Trading Volume: ~$3.13 billion, TVL: ~$0.92 billion, Open Interest: ~$0.714 billion;

EdgeX 24h Trading Volume: ~$2.39 billion, TVL: ~$0.183 billion, Open Interest: ~$0.994 billion;

Aster 24h Trading Volume: ~$2.34 billion, TVL: ~$1.06 billion, Open Interest: ~$1.79 billion;

Variational 24h Trading Volume: ~$1.21 billion, TVL: ~$0.107 billion, Open Interest: ~$0.681 billion;

Pacifica 24h Trading Volume: ~$0.625 billion, TVL: ~$36.30 million, Open Interest: ~$59.66 million.

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