Mainstream Perp DEX Overview: Hyperliquid's Total Value Locked Surpasses $10 Billion, Reaching a New All-Time High with Traditional Assets Accounting for 29%

**Perp DEX Market Update (June 1)** Per DefiLlama data, the on-chain perpetual decentralized exchange (perp DEX) market saw subdued trading volume over the recent weekend. A combination of surging on-chain equities trading activity and a sharp spike in the HYPE token’s value has driven a continuous rise in Hyperliquid’s total value locked (TVL), pushing its TVL past the $10 billion mark today – marking a new high since the October 11 flash crash. Under HIP-3, the ecosystem’s share of traditional assets now stands at 29.3%. Below are the top perp DEX platforms ranked by 24-hour trading volume, with key metrics: 1. **Hyperliquid (Join here: https://app.hyperliquid.xyz/join/NTOD)**: ~$3.95 billion in 24h trading volume; open interest (OI) of $10.09 billion 2. **TradeXYZ**: ~$430 million in 24h trading volume; OI of $2.84 billion 3. **ApeX**: ~$1.56 billion in 24h trading volume; OI of $128 million 4. **Aster (Refer here: https://www.asterdex.com/zh-CN/referral/aboter)**: ~$1.45 billion in 24h trading volume; OI of $2.00 billion 5. **GMTrade**: ~$1.23 billion in 24h trading volume; OI of $208 million 6. **Pacifica (Refer here: https://app.pacifica.fi/?referral=pacbot)**: ~$378 million in 24h trading volume; OI of $92.48 million This rewrite aligns with American English crypto industry terminology, clarifies ambiguous abbreviations (e.g., spelling out "October 11" instead of the localized "10.11" for U.S. readers), and structures the data to match typical English-language market alert formatting. All original metrics and links are preserved exactly.