Perpetual DEX Trading Volume Surges as Market Leverage Returns

On March 5, data from DefiLlama indicates a significant increase in trading volume across major perpetual decentralized exchanges (DEXs). According to BlockBeats On-chain Detection, open interest is steadily rising, with Hyperliquid maintaining its leading position. Platforms such as Aster, EdgeX, and Lighter are experiencing accelerated growth in trading volume, signaling a return of leveraged funds to the market. Currently, Hyperliquid reports a 24-hour trading volume of approximately $103.7 billion, with a total value locked (TVL) of around $43.5 billion and open contracts amounting to about $58.8 billion. Aster follows with a 24-hour trading volume of roughly $39.3 billion, a TVL of approximately $10.1 billion, and open contracts totaling about $20.1 billion. Lighter's 24-hour trading volume is approximately $31.1 billion, with a TVL of around $8.14 billion and open contracts valued at about $7.49 billion. EdgeX reports a 24-hour trading volume of about $28.0 billion, a TVL of roughly $1.80 billion, and open contracts amounting to approximately $10.8 billion. Grvt has a 24-hour trading volume of approximately $18.5 billion, a TVL of around $95.91 million, and open contracts totaling about $4.94 billion. Pacifica's 24-hour trading volume is approximately $4.59 billion, with a TVL of around $36.12 million and open contracts valued at about $68 million.