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Mainstream Perp DEX Overview: Hyperliquid Open Interest Continues to Decline, Now Below $5 Billion

2 hours ago

On February 9th, DefiLlama data indicates 24-hour trading volumes across major platforms were relatively sluggish. Most saw weekend volumes fall below $4 billion, with capital moving to cut exposure and market sentiment leaning cautious. Hyperliquid remains the top in trading volume, but its contract open interest has again dipped below $5 billion. Below are key metrics for leading Perp DEXs: - Hyperliquid: ~$3.77B 24h volume | ~$41.8B TVL | ~$4.86B contract open interest - Aster: ~$2.57B 24h volume | ~$1.08B TVL | ~$1.87B contract open interest - EdgeX: ~$2.35B 24h volume | ~$183M TVL | ~$927M contract open interest - Lighter: ~$1.76B 24h volume | ~$940M TVL | ~$719M contract open interest - Apex: ~$1.22B 24h volume | ~$39.96M TVL | ~$120M contract open interest - Pacifica: ~$874M 24h volume | ~$38.99M TVL | ~$46.78M contract open interest Note: TVL = Total Value Locked; 24h = 24-hour.
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