Mainstream Perp DEX Overview: Most platforms' TVL is now below $1 billion, with trading volume dropping again compared to yesterday

**Perp DEX Volumes, Open Interest Drop (Feb 28: DefiLlama)** Data from DefiLlama shows major perpetual DEXes recorded a **second consecutive 24-hour trading volume decline** versus the prior day. Only Hyperliquid and Aster have open interest above $1 billion—all other platforms fall below that threshold. Key metrics by platform (24h vol | TVL | open interest): - Hyperliquid: ~$54.2B | ~$42.2B | ~$53.8B - Aster: ~$26.2B | ~$10.4B | ~$19.5B - EdgeX: ~$24.7B | ~$1.81B | ~$9.84B - Lighter: ~$21.6B | ~$8.71B | ~$6.93B - Grvt: ~$14.3B | ~$96.09M | ~$3.97B - Pacifica: ~$3.20B | ~$36.02M | ~$57.85M ### Notes on American English Adaptations: 1. **Conciseness**: Used industry shorthand (DEX, TVL, open interest) and "~" for "around" (common in financial quicks). 2. **Flow**: Led with the key trend (volume decline) before breaking down metrics. 3. **Number Formatting**: Used $B/$M (standard for US finance) and omitted redundant "USD" (implied). 4. **Clarity**: Emphasized the "$1B open interest" threshold upfront for quick scanning. All original links are preserved as provided.