Weekend Perp DEX Roundup: Hyperliquid Leads in Trading Volume, All Platforms Below $3 Billion

January 19th — Perpetual DEX (Perp DEX) trading volume remained low over the weekend, per DefiLlama data. Hyperliquid continues to lead the space, followed by Lighter, with minimal changes in open interest across all platforms. Key 24-hour metrics for major Perp DEXs (as of Jan 19): - Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): ~$27.9B trading volume | ~$45.9B TVL | ~$96.3B open interest - Lighter (https://app.lighter.xyz/?referral=70045843): ~$22.6B trading volume | ~$10.8B TVL | ~$13.2B open interest - EdgeX: ~$21.5B trading volume | ~$4.29B TVL | ~$11.6B open interest - Aster (https://www.asterdex.com/zh-CN/referral/aboter): ~$17.4B trading volume | ~$12.5B TVL | ~$27.3B open interest - Variational: ~$16B trading volume | ~$66.18M TVL | ~$11.9B open interest - Paradex: ~$15.9B trading volume | ~$2.27B TVL | ~$6.33B open interest - Pacifica (https://app.pacifica.fi/?referral=pacbot): ~$9.66B trading volume | ~$46.52M TVL | ~$87.04M open interest Note: TVL = Total Value Locked; open interest = total active derivative contracts.