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Overview of Mainstream Perp DEXs: Lighter Leads with $10.7 Billion Trading Volume, Pacifica's Trading Volume Falls Below $6 Billion

Overview of Mainstream Perp DEXs: Lighter Leads with $10.7 Billion Trading Volume, Pacifica's Trading Volume Falls Below $6 Billion

2025-11-19 18:50

ChainThink message, November 19, according to Defilama data, among the 24-hour trading volume of Perp DEXs, only Lighter has returned above 10 billion USD, and the trading volume of most other platforms has declined. Aster has surpassed Hyperliquid to rank second, Pacifica trading volume has been halved, current trading volume of some Perp DEXs are as follows:


Lighter 24-hour trading volume is approximately 10.71 billion USD, TVL is about 1.2 billion USD, open interest is 1.69 billion USD;

Aster 24-hour trading volume is approximately 8.72 billion USD, TVL is about 1.45 billion USD, open interest is 2.32 billion USD;

Hyperliquid 24-hour trading volume is approximately 8.15 billion USD, TVL is about 4.52 billion USD, open interest is 7.79 billion USD;

EdgeX 24-hour trading volume is approximately 5.94 billion USD, TVL is about 478 million USD, open interest is 706 million USD;

ApeX 24-hour trading volume is approximately 2.9 billion USD, TVL is about 49.51 million USD, open interest is 37.19 million USD;

Backpack 24-hour trading volume is approximately 1.58 billion USD, TVL is not yet disclosed, open interest is 193 million USD;

Variational 24-hour trading volume is approximately 1.1 billion USD, TVL is about 69.46 million USD, open interest is 397 million USD;

Pacifica 24-hour trading volume is approximately 559 million USD, TVL is about 41.9 million USD, open interest is 56.52 million USD.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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