Mainstream Perp DEX Overview: Trading volumes across platforms have seen a recovery, with Hyperliquid's TVL hitting a nearly two-month high

April 14: On-chain Perp DEX market trading volume rebounded, per DefiLlama data. Ecosystem project TradeXYZ saw higher trading volume but lower open interest. Meanwhile, Hyperliquid’s total perpetual contract open interest surged to a new February 2024 high—this round of position growth was not entirely driven by traditional markets. Current top Perp DEX by 24-hour trading volume: - Hyperliquid: ~$7.41B volume, $8.23B open interest - TradeXYZ: ~$2.47B volume, $1.87B open interest - Aster: ~$2.62B volume, $2.07B open interest - EdgeX: ~$2.15B volume, $964M open interest - Lighter: ~$1.83B volume, $761M open interest - Pacifica: ~$485M volume, $85.05M open interest Links: [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) [Aster](https://www.asterdex.com/en-US/referral/aboter) [Lighter](https://app.lighter.xyz/?referral=70045843) [Pacifica](https://app.pacifica.fi/trade/PAXG?referral=pacbot)