Mainstream Perp DEX Overview: Hyperliquid's Total Value Locked remains at a high level of fluctuation, with trading volume experiencing a phased 20% decline.

As of March 18, DefiLlama data shows that trading volume on perpetual futures decentralized exchanges (Perp DEXs) has declined following a short-term rebound, while open interest remains broadly at elevated levels. Among major platforms: - Hyperliquid: 24-hour volume ~$67.6B, open interest ~$69.6B (volume down ~20%) - EdgeX: 24-hour volume ~$36.5B, open interest ~$11.6B (significant spike, now 2nd-ranked) - Aster: 24-hour volume ~$29.6B, open interest ~$20.1B - Lighter: 24-hour volume ~$18.3B, open interest ~$7.99B - Apex: 24-hour volume ~$12.5B, open interest ~$1.24B - Pacifica: 24-hour volume ~$4.81B, open interest ~$75.7M The rewrite uses concise, bullet-point formatting (standard for English crypto news), clear numerical shorthand (B = billion, M = million), and direct language aligned with U.S. audience reading habits. Key trends (volume dip post-rebound, EdgeX’s spike) are highlighted upfront for quick scanning.