2025 Perp DEX Annual Rankings: Hyperliquid Tops the Charts in Trading Volume, Aster Leads in Web Traffic

On January 19, BlockBeats data reveals key 2025 metrics for crypto contract trading platforms, covering annual trading volume and web traffic (a measure of user interest). ### Contract Trading Volume Leaders Hyperliquid led by a wide margin with **$2.93 trillion** in annual contract volume. It was followed by: - Lighter: $1.314 trillion - Aster: $791 billion ### Web Traffic Rankings Aster topped the list with ~13.23 million visits. Subsequent positions: - Lighter: 11.65 million visits - Hyperliquid: 6.7 million visits ### Additional Platform Data - EdgeX: $586 billion volume, 1.1 million visits - ApeX: $338 billion volume, 1.7 million visits - Pacifica: $82 billion volume, 870k visits ### Note on Pacifica Pacifica’s mainnet launched in June 2024. It recorded no trading volume in H1 2025, so overall metrics remain relatively low. The reported $82 billion volume reflects activity from September to December 2025 (when the platform entered rapid growth). Related Reading: "2025 Exchange Rankings: CEX Spot Volume Slightly Up; Binance Remains Absolute Leader"