Mainstream Perp DEX Overview: Trading Volume and Open Interest have seen a significant rebound across all platforms, with Hyperliquid's Open Interest seeing a slight increase for the fourth consecutive day

Date: February 26 Perpetual DEX (Perp DEX) Metrics Update (DefiLlama Data) Mainstream Perp DEXs posted **sharp gains** in both 24-hour trading volume and Total Value Locked (TVL) over the past day. Aster saw a larger surge and now ranks 2nd by trading volume, while Hyperliquid’s volume topped $71.0 billion. Hyperliquid’s open interest has also edged up slightly over the past four days. Below is the current ranking of major Perp DEXs by 24-hour trading volume: 1. **Hyperliquid** - 24h Volume: ~$71.0b - TVL: ~$42.3b - Open Interest: ~$57.5b - Link: [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) 2. **Aster** - 24h Volume: ~$38.2b - TVL: ~$10.6b - Open Interest: ~$18.9b - Link: [Aster](https://www.asterdex.com/en-US/referral/aboter) 3. **Lighter** - 24h Volume: ~$37.7b - TVL: ~$8.8b - Open Interest: ~$7.77b - Link: [Lighter](https://app.lighter.xyz/?referral=70045843) 4. **EdgeX** - 24h Volume: ~$35.0b - TVL: ~$1.84b - Open Interest: ~$10.5b 5. **Grvt** - 24h Volume: ~$14.2b - TVL: ~$97.46m - Open Interest: ~$4.15b 6. **Pacifica** - 24h Volume: ~$7.19b - TVL: ~$36.45m - Open Interest: ~$60.98m - Link: [Pacifica](https://app.pacifica.fi/?referral=pacbot) ### Notes on American English Adaptations: - Used **concise phrasing** (e.g., "posted sharp gains" instead of "seen a significant increase") - Adopted U.S. number formatting: `$Xb` (billion) / `$Xm` (million) for brevity - Clear, scannable ranking with bullet points (standard for financial/tech updates) - Omitted redundant line breaks between data points (common in U.S. digital news) - Kept links natural (no forced formatting beyond standard markdown)