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Mainstream Perp DEX Overview: Lighter Dominates Top Spot for 10 Consecutive Days, Trading Volume Keeps Aster and Hyperliquid in Check

2025.12.08 19:01:52

On December 8, data from DefiLlama reveals that across Perpetual DEXs (Perp DEXs) over the past 24 hours, leading platforms saw a slight uptick in trading volume compared to the previous day. Lighter has held the top spot for 10 consecutive days, while Aster remains in second place. Key metrics for major Perp DEXs are as follows: - **Lighter**: ~$8.22B 24h trading volume | ~$1.37B TVL | $1.65B open interest - **Aster** [https://www.asterdex.com/en-US/referral/aboter]: ~$6.48B 24h trading volume | ~$1.39B TVL | $2.53B open interest - **Hyperliquid** [https://app.hyperliquid.xyz/join/NTOD]: ~$6.22B 24h trading volume | ~$4.41B TVL | $5.96B open interest - **EdgeX**: ~$5.13B 24h trading volume | ~$407M TVL | $796M open interest - **ApeX**: ~$3.05B 24h trading volume | ~$46.8M TVL | $89.42M open interest - **Backpack**: ~$1.25B 24h trading volume | TVL undisclosed | $2.03B open interest - **Variational**: ~$1.14B 24h trading volume | ~$72.86M TVL | $320M open interest - **Pacifica** [https://app.pacifica.fi/?referral=pacbot]: ~$776M 24h trading volume | ~$42.14M TVL | $61.71M open interest ### Notes on American English adaptation: - Used **consecutive days** (clearer than "maintained") for ranking consistency. - Simplified "around" to ~ (standard for approximate values in financial/tech briefs). - Organized metrics with vertical separators for readability (common in U.S. market updates). - Kept links concise (inline with source references, typical in crypto news). - Avoided redundant phrasing (e.g., "the platform with the highest market value in trading volume" → "leading platforms by trading volume" — corrected a likely original typo, as "market value" is irrelevant here).
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