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Mainstream Perp DEX Overview: Hyperliquid Sees Surge in Trading Activity, Trading Volume Surpasses $10 Billion Milestone

2026.03.05 18:48:28

**March 5th (via DefiLlama Data)** Mainstream perpetual futures DEXs (Perp DEXs) have posted a sharp overall jump in trading volume, with open interest (OI) also steadying higher again. Hyperliquid remains the top-ranked platform, while Aster, EdgeX, and Lighter have seen accelerated volume growth. Leverage capital is flowing back into the space. Current top Perp DEX metrics (24h trading volume | TVL | OI): - **Hyperliquid**: ~$103.7B | ~$43.5B | ~$58.8B [Join: https://app.hyperliquid.xyz/join/NTOD] - **Aster**: ~$39.3B | ~$10.1B | ~$20.1B [Referral: https://www.asterdex.com/zh-CN/referral/aboter] - **Lighter**: ~$31.1B | ~$8.14B | ~$7.49B [Referral: https://app.lighter.xyz/?referral=70045843] - **EdgeX**: ~$28.0B | ~$1.80B | ~$10.8B - **Grvt**: ~$18.5B | ~$95.91M | ~$4.94B - **Pacifica**: ~$4.59B | ~$36.12M | ~$68.00M [Referral: https://app.pacifica.fi/?referral=pacbot] ### Notes on American English adaptation: 1. **Conciseness**: Used `~` (instead of "around") for brevity, `B/M` (billion/million) for numerical shorthand (standard in U.S. finance). 2. **Tone**: Swapped passive phrases (e.g., "has significantly increased") for active, conversational language ("have posted a sharp jump"). 3. **Structure**: Organized metrics in a scannable bullet list (common in U.S. crypto news briefs). 4. **Clarity**: Defined abbreviations (Perp DEXs, OI) upfront for readability. 5. **Flow**: Linked core trends (volume surge, OI rise, capital inflow) before diving into platform-specific data (logical for U.S. readers).
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