Overview of mainstream Perp DEXs: Hyperliquid's open interest is nearly the sum of other platforms, and its trading volume continues to lead this month.

BlockBeats News, January 26 — According to DefiLlama data, influenced by the overall market trend, mainstream Perp DEX trading volumes generally declined over the weekend, and the open interest on most platforms also decreased, with market sentiment becoming more cautious.

Among them, Hyperliquid’s open interest decreased by approximately 15% week-over-week, but still accounts for 48% of the total on all mainstream platforms, close to the sum of the other platforms. Additionally, since January of this year, Hyperliquid’s trading volume has remained at the top; previously, due to the Lighter points incentive campaign, the leading trading volume title changed hands multiple times. The current trading volumes of some Perp DEXs are as follows:

Hyperliquid’s 24-hour trading volume is approximately $5.83 billion, TVL is about $4.41 billion, and open interest is approximately $7.42 billion;

Aster’s 24-hour trading volume is approximately $3.81 billion, TVL is about $1.20 billion, and open interest is approximately $2.43 billion;

EdgeX’s 24-hour trading volume is approximately $3.71 billion, TVL is about $429 million, and open interest is approximately $1.02 billion;

Lighter’s 24-hour trading volume is approximately $3.12 billion, TVL is about $1.01 billion, and open interest is approximately $1.26 billion;

Paradex’s 24-hour trading volume is approximately $3.09 billion, TVL is about $218 million, and open interest is approximately $745 million;

Extended’s 24-hour trading volume is approximately $1.62 billion, TVL is about $207 million, and open interest is approximately $319 million;

Pacifica’s 24-hour trading volume is approximately $837 million, TVL is about $45.89 million, and open interest is approximately $77.7 million.