Mainstream Perp DEX Overview: Lighter's trading volume drops by 15% but still holds the lead, with Aster and Hyperliquid closely following.

On December 5th, per DefiLlama data, Lighter’s 24-hour trading volume in Perp DEXs has dropped by ~15% but remains the top-ranked platform over the past 24 hours. Some capital has flowed to smaller market-cap platforms, with Pacifica seeing its trading volume rebound. Below are key metrics for select Perp DEXs: - Lighter: ~$8.88B 24h vol | ~$1.27B TVL | ~$1.83B open interest - Aster: ~$7.37B 24h vol | ~$1.42B TVL | ~$2.58B open interest - Hyperliquid: ~$6.32B 24h vol | ~$4.34B TVL | ~$6.30B open interest - EdgeX: ~$4.09B 24h vol | ~$0.412B TVL | ~$0.811B open interest - ApeX: ~$2.82B 24h vol | ~$47.19M TVL | ~$88.51M open interest - Variational: ~$1.75B 24h vol | ~$72.86M TVL | ~$0.373B open interest - Backpack: ~$1.15B 24h vol | TVL undisclosed | ~$2.01B open interest - Pacifica: ~$0.591B 24h vol | ~$41.78M TVL | ~$61.71M open interest (Referral links retained as original: Aster → [https://www.asterdex.com/en-US/referral/aboter](https://www.asterdex.com/en-US/referral/aboter); Hyperliquid → [https://app.hyperliquid.xyz/join/NTOD](https://app.hyperliquid.xyz/join/NTOD); Pacifica → [https://app.pacifica.fi/?referral=pacbot](https://app.pacifica.fi/?referral=pacbot))