Mainstream Perp DEX Overview: Weekend Trading Volume Sluggish, with Less than $4 Billion in 24-hour Volume on Each Platform

On December 22, data from DefiLlama shows that the 24-hour trading volume of major perpetual DEXs (Perp DEXs) has fallen below $4 billion, with weekend volumes showing slight weakness. Lighter leads the rankings, followed by Aster and EdgeX. Notably, while Hyperliquid’s 24-hour trading volume is only around $2.4 billion, its perpetual contract open interest continues to climb as existing capital adds leverage. Key metrics for top Perp DEXs are listed below: - **Lighter**: 24h volume ~$3.84B; TVL ~$1.41B; Open interest ~$1.65B - **Aster** (https://www.asterdex.com/en/referral/aboter): 24h volume ~$3.51B; TVL ~$1.3B; Open interest ~$2.42B - **EdgeX**: 24h volume ~$2.45B; TVL ~$370M; Open interest ~$761M - **Hyperliquid** (https://app.hyperliquid.xyz/join/NTOD): 24h volume ~$2.43B; TVL ~$4.15B; Open interest ~$7.08B - **ApeX**: 24h volume ~$1.61B; TVL ~$46.45M; Open interest ~$175M - **Backpack**: 24h volume ~$1.21B; TVL not disclosed; Open interest ~$2.32B - **Variational**: 24h volume ~$840M; TVL ~$66.18M; Open interest ~$4.72B - **Pacifica** (https://app.pacifica.fi/?referral=pacbot): 24h volume ~$639M; TVL ~$41.89M; Open interest ~$60M (Abbreviations: TVL = Total Value Locked; 24h = 24-hour)