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Mainstream Perp DEX Overview: Hyperliquid Returns to the Top with a Trading Volume of $9.6 Billion, Lighter Drops to Second

2025.11.18 18:41:11

On November 18th, according to Defilama data, within a 24-hour period, the trading volume of mainstream Perp DEXs remains below 10 billion. However, Hyperliquid and Lighter witnessed a slight increase in trading volume compared to the previous day. The current trading volume of some Perp DEXs is as follows: The 24-hour trading volume of Hyperliquid is approximately 9.63 billion US dollars, with a TVL of about 4.55 billion US dollars and an open interest of 7.95 billion US dollars. The 24-hour trading volume of Lighter is approximately 9.51 billion US dollars, with a TVL of about 1.19 billion US dollars and an open interest of 1.72 billion US dollars. The 24-hour trading volume of Aster is approximately 9.39 billion US dollars, with a TVL of about 1.44 billion US dollars and an open interest of 2.25 billion US dollars. The 24-hour trading volume of EdgeX is approximately 7.11 billion US dollars, with a TVL of about 480 million US dollars and an open interest of 774 million US dollars. The 24-hour trading volume of ApeX is approximately 2.63 billion US dollars, with a TVL of about 49.33 million US dollars and an open interest of 38.55 million US dollars. The 24-hour trading volume of Backpack is approximately 2 billion US dollars. The TVL is not disclosed, and the open interest is 1.96 billion US dollars. The 24-hour trading volume of Variational is approximately 1 billion US dollars, with a TVL of about 69.46 million US dollars and an open interest of 4.19 billion US dollars. The 24-hour trading volume of Pacifica is approximately 1.15 billion US dollars, with a TVL of about 41.71 million US dollars and an open interest of 53.23 million US dollars.
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