Mainstream Perp DEX Overview: Hyperliquid Open Interest Surpasses $9 Billion, Trading Volume Holds Top Spot

### Perp DEX Volume Shifts: Aster Surges to 2nd, Hyperliquid OI Rises (Jan 8, DefiLlama) As of January 8, **DefiLlama data** reveals key trends in the perpetual futures DEX (Perp DEX) space over the past 24 hours: - Aster’s trading volume has **surged**, now ranking 2nd; - Hyperliquid and Lighter have seen **modest dips** in volume; - Hyperliquid’s open interest (OI) has climbed while its Total Value Locked (TVL) remains stable—signaling existing capital is shifting to leveraged positions, with the **long-short positioning battle intensifying**. ### Key Platform Metrics (24h): | Platform | Trading Volume | TVL | Open Interest | |----------------|----------------|--------------|---------------| | Hyperliquid | ~$6.35B | ~$4.3B | ~$9.12B | | Aster | ~$6.44B | ~$1.25B | ~$2.62B | | Lighter | ~$4.58B | ~$1.25B | ~$1.53B | | EdgeX | ~$3.77B | ~$355M | ~$1B | | Variational | ~$1.77B | ~$66.18M | ~$977M | | Paradex | ~$1.47B | ~$178M | ~$796M | | Pacifica | ~$1B | ~$44.92M | ~$83.74M | Links (referral-enabled): - Hyperliquid: [app.hyperliquid.xyz/join/NTOD](https://app.hyperliquid.xyz/join/NTOD) - Aster: [www.asterdex.com/en/referral/aboter](https://www.asterdex.com/en/referral/aboter) - Lighter: [app.lighter.xyz/?referral=70045843](https://app.lighter.xyz/?referral=70045843) - Pacifica: [app.pacifica.fi/?referral=pacbot](https://app.pacifica.fi/?referral=pacbot) Note: Metrics are sourced from DefiLlama (as of Jan 8, 24h window).