Mainstream Perp DEX Overview: Platforms See Mild Rebound in Trading Volume from Weekend Lows, with Hyperliquid Emerging on Top

December 23rd, per DefiLlama data, liquidity has softened—likely tied to the approaching Christmas holiday. Over the past 24 hours, trading volume across major perpetual contract DEXs has seen only a modest rebound from weekend lows. Hyperliquid currently leads, followed by Lighter and Aster. Here’s a breakdown of key Perp DEX metrics: - **Hyperliquid**: ~$61.8B 24h volume, ~$41.2B TVL, $73.5B open interest [Link: https://app.hyperliquid.xyz/join/NTOD] - **Lighter**: ~$58.1B 24h volume, ~$14.1B TVL, $16B open interest - **Aster**: ~$51.1B 24h volume, ~$12.8B TVL, $24.1B open interest [Link: https://www.asterdex.com/en-US/referral/aboter] - **EdgeX**: ~$29.9B 24h volume, ~$3.68B TVL, $7.58B open interest - **ApeX**: ~$19.1B 24h volume, ~$46.64M TVL, $1.97B open interest - **Backpack**: ~$13B 24h volume, TVL undisclosed, $2.26B open interest - **Variational**: ~$9.6B 24h volume, ~$66.18M TVL, $4.9B open interest - **Pacifica**: ~$5.89B 24h volume, ~$41.73M TVL, $59.48M open interest [Link: https://app.pacifica.fi/?referral=pacbot] (Note: "TVL" = Total Value Locked; "open interest" = outstanding derivative contracts)