Mainstream Perp DEX Overview: Aster Leads with $11.2B in Trading Volume, Hyperliquid Ranks Second
BlockBeats News, November 21st, according to Defilama data, the 24-hour trading volume of various Perp DEXs has continued to rise,Aster now ranks first with a volume of 112 billion US dollars, Hyperliquid has surpassed Lighter to take the second spot. The current partial Perp DEX trading volumes are as follows:
Aster has a 24-hour trading volume of approximately 112.5 billion US dollars, a TVL of around 13.9 billion US dollars, and open interest of 22.5 billion US dollars;
Hyperliquid has a 24-hour trading volume of about 107.7 billion US dollars, a TVL of around 43.8 billion US dollars, and open interest of 75.0 billion US dollars;
Lighter has a 24-hour trading volume of around 101.3 billion US dollars, a TVL of around 12.1 billion US dollars, and open interest of 17.5 billion US dollars;
EdgeX has a 24-hour trading volume of about 71.0 billion US dollars, a TVL of around 4.72 billion US dollars, and open interest of 6.72 billion US dollars;
ApeX has a 24-hour trading volume of about 27.3 billion US dollars, a TVL of around 48.77 million US dollars, and open interest of 38.32 million US dollars;
Backpack has a 24-hour trading volume of about 15.3 billion US dollars, TVL not disclosed at the moment, and open interest of 1.89 billion US dollars;
Variational has a 24-hour trading volume of about 13.5 billion US dollars, a TVL of around 69.46 million US dollars, and open interest of 31.6 million US dollars;
Pacifica has a 24-hour trading volume of about 10.8 billion US dollars, a TVL of around 41.64 million US dollars, and open interest of 48.74 million US dollars.
You may also like

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

The Cryptographic Past of the Middle East

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

On the eve of the explosion of on-chain options

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

Why is OpenAI playing catch-up to Claude Code instead?

Vitalik wrote a proposal teaching you how to secretly use AI large models

The doubling of Circle's stock price and the paradigm shift of stablecoins
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
The Cryptographic Past of the Middle East
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.