Hyperliquid's 7-day trading volume reaches 40.7 billion, ranking first and reclaiming the leading position in Perp DEX

ChainCatcher message, as the Lighter airdrop has been completed, the platform’s trading volume has plummeted nearly 3 times from its peak, and Hyperliquid has reclaimed the top spot in Perp DEX.

According to CryptoRank data, as of January 18, Hyperliquid’s trading volume over the past 7 days reached $40.7 billion, with open interest of $9.57 billion in the past 24 hours, ranking first in both trading volume and open interest. Competitors Aster and Lighter recorded 7-day trading volumes of $31.7 billion and $25.3 billion, respectively.

Notably, the new entrant Variational has emerged as a dark horse, ranking in the top five, with a current daily trading volume of $1 billion and open interest of $1.32 billion in the past 24 hours, becoming a dark horse in the decentralized derivatives track.