On February 25, data from DefiLlama indicates that trading volumes for major perpetual decentralized exchanges (DEX) have mostly rebounded, with the exception of Aster, which experienced a significant decline, dropping to fourth place. According to BlockBeats On-chain Detection, Lighter has moved up to second place, while Hyperliquid remains at the top, with a slight increase in open contract volume and stable trading activity.
The current rankings for major perpetual DEX trading volumes are as follows:
Hyperliquid has a 24-hour trading volume of approximately $6.37 billion, with a total value locked (TVL) of around $4.20 billion and open contract volume of about $5.49 billion.
Lighter's 24-hour trading volume is approximately $3.13 billion, with a TVL of around $920 million and open contract volume of about $714 million.
EdgeX reports a 24-hour trading volume of approximately $2.39 billion, with a TVL of around $183 million and open contract volume of about $994 million.
Aster's 24-hour trading volume is approximately $2.34 billion, with a TVL of around $1.06 billion and open contract volume of about $1.79 billion.
Variational has a 24-hour trading volume of approximately $1.21 billion, with a TVL of around $107 million and open contract volume of about $681 million.
Pacifica's 24-hour trading volume is approximately $625 million, with a TVL of around $36.3 million and open contract volume of about $59.66 million.