Mainstream Perp DEX liquidity remains low during the holiday season, and tomorrow may be the final reward distribution before Lighter's launch

Mainstream Perp DEX liquidity remains low during the holiday season, and tomorrow may be the final reward distribution before Lighter's launch

2025-12-25 18:57

ChainThink News, December 25: According to DefiLlama data, mainstream Perp DEX trading volume declined significantly over the past 24 hours compared to the previous day. If Lighter launches its mainnet and token distribution before the end of December 31, this Friday may be its final round of incentive distribution, potentially keeping Lighter's trading volume active and maintaining its top position. Hyperliquid ranks second, with most platforms experiencing a slight increase in open interest. Current Perp DEX trading volumes are as follows:


Lighter 24-hour trading volume approximately $5.04 billion, TVL around $1.41 billion, open interest $1.55 billion;


Hyperliquid 24-hour trading volume approximately $3.5 billion, TVL around $4.13 billion, open interest $7.26 billion;


Aster 24-hour trading volume approximately $2.85 billion, TVL around $1.27 billion, open interest $2.43 billion;


EdgeX 24-hour trading volume approximately $1.87 billion, TVL around $368 million, open interest $761 million;


ApeX 24-hour trading volume approximately $1.76 billion, TVL around $46.26 million, open interest $240 million;


Variational 24-hour trading volume approximately $1.09 billion, TVL around $66.18 million, open interest $485 million;


Backpack 24-hour trading volume approximately $813 million, TVL not yet disclosed, open interest $216 million;


Pacifica 24-hour trading volume approximately $488 million, TVL around $41.44 million, open interest $60.26 million.

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

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