Mainstream Perp DEX Overview: Platforms See Mild Rebound in Trading Volume from Weekend Lows, with Hyperliquid Emerging on Top
December 23rd, per DefiLlama data, liquidity has softened—likely tied to the approaching Christmas holiday. Over the past 24 hours, trading volume across major perpetual contract DEXs has seen only a modest rebound from weekend lows. Hyperliquid currently leads, followed by Lighter and Aster. Here’s a breakdown of key Perp DEX metrics:
- **Hyperliquid**: ~$61.8B 24h volume, ~$41.2B TVL, $73.5B open interest
[Link: https://app.hyperliquid.xyz/join/NTOD]
- **Lighter**: ~$58.1B 24h volume, ~$14.1B TVL, $16B open interest
- **Aster**: ~$51.1B 24h volume, ~$12.8B TVL, $24.1B open interest
[Link: https://www.asterdex.com/en-US/referral/aboter]
- **EdgeX**: ~$29.9B 24h volume, ~$3.68B TVL, $7.58B open interest
- **ApeX**: ~$19.1B 24h volume, ~$46.64M TVL, $1.97B open interest
- **Backpack**: ~$13B 24h volume, TVL undisclosed, $2.26B open interest
- **Variational**: ~$9.6B 24h volume, ~$66.18M TVL, $4.9B open interest
- **Pacifica**: ~$5.89B 24h volume, ~$41.73M TVL, $
7 minutes ago
Prominent "Bankruptcy Whale" James Wynn Longs BTC 40x Again
On December 23, Onchain Lens data shows that James Wynn—a well-known "Bankruptcy Whale"—has opened a 40x leveraged long position on BTC. The position’s current value is $1.82 million, with an entry average of $87,590 and a liquidation price of $86,468.
Over the past three days, James has completed three trades: two BTC positions (one long, one short) that netted a total profit of $40,521, and a long position on PEPE that incurred a $6,908 loss.
7 minutes ago
There is a divergence in the Chinese community regarding the short-term trend, with traders focusing on the selling pressure caused by liquidity depletion.
On December 23, Greek.live researcher Adam posted on social media noting a divergence in the Chinese crypto community over Bitcoin’s short-term trend. Some traders fear the $90,000 resistance level may be hard to break, potentially pushing the market into a bearish correction.
Market participants are monitoring downside pressure from pre-Christmas liquidity drying up; ongoing squeezes on perpetual contract longs are amplifying volatility, though volatility has now fallen to a historic low.
7 minutes ago
Analyst: Does Not Believe in "Massive Money Printing" Next Year, Still Bullish on Bitcoin
On December 23, macro analyst Luke Gromen shared in a new YouTube update that he does not anticipate large-scale money printing—defined as extreme government and central bank currency creation—in 2026.
Gromen laid out two core reasons for his negative short-term view on Bitcoin:
1. Current economic leverage is extremely high. Bitcoin acts as both the most effective last-resort liquidity smoke alarm and a tightening equity layer. Deflationary pressure from AI and robotics is growing exponentially; any measures short of full-scale money printing are effectively tightening, which won’t offset that exponential deflation. This will worsen as equity asset prices and Bitcoin fall.
2. Bitcoin trades like high-beta tech stocks.
That said, Gromen stressed Bitcoin remains a prudent long-term choice. “I’m still long-term bullish on Bitcoin,” he noted. “I just think deflation will trigger a crisis—and eventually, someone will roll out large-scale money printing to address it. Bitcoin is t
7 minutes ago
Snowball Meme Coin Hits All-Time High Market Cap of Over $11 Million Today, Now Slightly Pulling Back to $8.1 Million
On December 23rd, per GMGN monitoring (link: https://t.me/gmgnaibot?start=i_m4TE56o8), Solana-based meme coin Snowball hit a daily high market cap of over $11 million today. It has since slightly retraced to $8.1 million, with a current price of roughly $0.008.
This meme coin is the first on Solana to automatically allocate 100% of Pump.fun platform creator fees to its own liquidity. Launched just four days ago, discussions around it on X are continuing to heat up.
Some optimists argue its mechanism creates sustainable genuine buying pressure, driving a "snowball" growth pattern — and it ties into the Christmas theme. Skeptics, however, note it’s still in a FOMO-fueled market, with potential risks of developer wallet sell-offs. The token’s core identity is a meme coin; its innovative mechanism is only an added value.
BlockBeats reminds users that meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks real-world value or use cases. Investo
7 minutes ago