Lookonchain APP

App Store

Mainstream Perp DEX Overview: Hyperliquid and Lighter Experience Significant Trading Volume Decline, with Aster Leading at $9 Billion

2025.11.17 18:16:30

On November 17th, according to Defilama data, the 24-hour trading volume of mainstream Perp DEXs has shown varying degrees of decline compared to last Friday. Hyperliquid and Lighter both saw a drop of over 35%. Aster took the lead with a trading volume of 90.7 billion. The current trading volumes of some Perp DEXs are as follows: Aster has a 24-hour trading volume of approximately 90.7 billion US dollars, a TVL of around 14.6 billion US dollars, and 23 billion US dollars in open interest contracts; Lighter has a 24-hour trading volume of about 79.4 billion US dollars, a TVL of around 11.9 billion US dollars, and 17.8 billion US dollars in open interest contracts; EdgeX has a 24-hour trading volume of around 74.4 billion US dollars, a TVL of about 4.84 billion US dollars, and 7.22 billion US dollars in open interest contracts; Hyperliquid has a 24-hour trading volume of approximately 69 billion US dollars, a TVL of around 45.47 billion US dollars, and 79.4 billion US dollars in open interest contracts; ApeX has a 24-hour trading volume of around 30 billion US dollars, a TVL of about 50.08 million US dollars, and 35.19 million US dollars in open interest contracts; Backpack has a 24-hour trading volume of about 18.1 billion US dollars, with TVL not disclosed and 1.99 billion US dollars in open interest contracts; Variational has a 24-hour trading volume of about 10 billion US dollars, a TVL of around 69.46 million US dollars, and 4.19 billion US dollars in open interest contracts; Pacifica has a 24-hour trading volume of approximately 9.3 billion US dollars, a TVL of around 40.65 million US dollars, and 51.39 million US dollars in open interest contracts.
Relevant content

Traders cut their bets on a Federal Reserve interest rate hike in October.

Traders have scaled back bets on a Federal Reserve interest rate hike in October. After Fed official Williams stated "there is no urgency to act", markets now expect the Fed to raise rates only one more time by the end of this year.

2 hours ago

OpenAI's over-the-counter contract price surged and then pulled back, still carrying a 20% premium relative to Bloomberg's latest reported valuation.

According to market data, the over-the-counter (OTC) contract price of OPENAI in the crypto market surged and then pulled back, driven by Bloomberg’s latest report that “OpenAI plans to raise $30 billion at a $1.4 trillion valuation.” With an estimated share count of 1 billion shares, the OPENAI contract on Hyperliquid once rose by over 12%, and is now trading at $1,685, corresponding to an implied valuation of $1.685 trillion. On Binance, the OPENAI contract peaked with a 9% gain, and is now at $1,616, with an implied valuation of $1.616 trillion.

2 hours ago

OpenAI plans to raise $30 billion in funding at a $1.4 trillion valuation.

OpenAI plans to raise $30 billion in funding at a $1.4 trillion valuation. (Bloomberg)

2 hours ago

Bitcoin traders are snapping up call options with strike prices above $90,000.

According to HTX market data, Bitcoin is currently trading at approximately $83,238. However, options traders are increasingly positioning for a price breakout above $90,000, with $95,000 and $100,000 also popular strike prices. Institutional fund inflows are also improving: Bitcoin ETFs have recorded inflows for eight consecutive days, with $31 million flowing in yesterday. This positioning indicates that even amid weak short-term Bitcoin sentiment, upside demand remains active.

2 hours ago

美SEC主席:金融体系正迈向加密时代,希望股票市场上链

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins said in an interview with CNBC that he aims to push the stock market to operate on-chain, adding that the entire financial system is shifting toward Bitcoin and cryptocurrencies.

2 hours ago

A prominent crypto trader has closed out their HBAR position for a small profit, and will look for better entry opportunities in the coming weeks.

Well-known trader Doctor Profit announced he has closed out his HBAR position for a small profit. The breakout appears to be a false one, and holding such assets while Bitcoin is hovering around $79,000 is too risky. He has exited the trade, though he will continue monitoring it over the coming weeks to seek better entry opportunities.

2 hours ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano