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Mainstream Perp DEX Overview: Lighter's trading volume has steadily increased, reaching $11.2 billion in volume, with Hyperliquid coming in second.

2025.11.12 17:49:06

On November 12th, according to Defilama data, the trading volumes of mainstream Perp DEXs have shown a slight increase in the past 24 hours. Among them, possibly affected by the news that "Lighter completed a $68 million funding round", the trading volume of Lighter has surged recently and currently ranks first in the 24-hour trading volume. The current trading volumes of some Perp DEXs are as follows: The 24-hour trading volume of Lighter is around $112.4 billion, with a TVL of around $11.72 billion and an open interest of $16.2 billion; The 24-hour trading volume of Hyperliquid is around $91.4 billion, with a TVL of around $47.31 billion and an open interest of $74.7 billion; [Aster](https://www.asterdex.com/en-US/referral/aboter) (hyperlink removed as it's not a proper link in this context) 24-hour trading volume is around $78.8 billion, with a TVL of around $14.63 billion and an open interest of $26.4 billion; The 24-hour trading volume of EdgeX is around $62.1 billion, with a TVL of around $4.95 billion and an open interest of $8.75 billion; The 24-hour trading volume of ApeX is around $26.8 billion, with a TVL of around $50.93 million and an open interest of $41.27 million; [Pacifica](https://app.pacifica.fi/?referral=pacbot) (hyperlink removed as it's not a proper link in this context) 24-hour trading volume is around $8.4 billion, with a TVL of around $39.04 million and an open interest of $49.63 million; The 24-hour trading volume of Paradex is around $7.2 billion, with a TVL of around $1.41 billion and an open interest of $3.16 billion.
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