Stay ahead, master crypto insights
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







This column conducts an in-depth review of the entire 10·11 crypto liquidation incident, which saw n
As the 2026 crypto bear market deepens, exit scams and project blowups are becoming increasingly fre
BTC/ETH, Major Cryptocurrencies, and Hot Altcoins Price Trends
Selected potential airdrop opportunities to gain big with small investments
Spotlight on Frontier, trending projects, and breaking events
American Crypto Act – timely interpretations of policies worldwide
Tracking on-chain movements of the smart money and institutions