Mainstream Perp DEX Overview: Hyperliquid Trading Volume Continues to Decline by 56.9% in the Last 7 Days, Lighter Trading Volume Takes a Steep Dive Ahead

As of December 1, DefiLlama data shows Perpetual DEX (Perp DEX) trading volumes have continued to post significant declines over the past 24 hours. Lighter leads the sector with roughly $82.1 billion in 24-hour volume, while Hyperliquid’s trading volume has dropped 56.9% in the past seven days. Partial Perp DEX metrics as of December 1 follow: - Lighter: 24hr Volume = ~$82.1B | TVL = ~$12.2B | Open Interest = ~$16.4B - EdgeX: 24hr Volume = ~$3.7B | TVL = ~$423M | Open Interest = ~$793M - Aster: 24hr Volume = ~$36.8B | TVL = ~$13.9B | Open Interest = ~$23B (ref: asterdex.com) - ApeX: 24hr Volume = ~$2.71B | TVL = ~$48.25M | Open Interest = ~$30.8M - Hyperliquid: 24hr Volume = ~$26.8B | TVL = ~$43.1B | Open Interest = ~$61.9B (community: t.me/HyperInsight) - Variational: 24hr Volume = ~$14.1B | TVL = ~$70.78M | Open Interest = ~$36.7M - Backpack: 24hr Volume = ~$11.9B | TVL = Not public | Open Interest = ~$19.2M - Pacifica: 24hr Volume = ~$6.82B | TVL = ~$41.48M | Open Interest = ~$53.91M (ref: app.pacifica.fi) Key notes: TVL = Total Value Locked; Open Interest = Outstanding derivative contracts.