Mainstream Perp DEX Overview: Recent Position Holdings Have Continued to Decline Across Platforms, with Hyperliquid's TVL Dropping by 36.2%

February 4th — DefiLlama data shows open interest across perpetual decentralized exchanges (Perp DEXs) has continued to decline over the past seven days. Hyperliquid’s open interest is down roughly 36.2% week-over-week, while its trading volume has rebounded. This may be driven by frequent position adjustments from existing traders in response to market volatility over the past 24 hours, leading to "passive unwinding." Below are current 24-hour trading volumes, total value locked (TVL), and open interest for major Perp DEXs: - Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): ~$13.08B (24h volume) | ~$4.36B (TVL) | ~$5.82B (open interest) - Aster (https://www.asterdex.com/en/referral/aboter): ~$5.66B (24h volume) | ~$1.14B (TVL) | ~$2.00B (open interest) - EdgeX: ~$5.20B (24h volume) | ~$195M (TVL) | ~$869M (open interest) - Lighter (https://app.lighter.xyz/?referral=70045843): ~$4.46B (24h volume) | ~$974M (TVL) | ~$1.05B (open interest) - Extended: ~$2.43B (24h volume) | ~$218M (TVL) | ~$309M (open interest) - Pacifica (https://app.pacifica.fi/?referral=pacbot): ~$776M (24h volume) | ~$41.93M (TVL) | ~$59.77M (open interest)