Mainstream Perp DEX Overview: Lighter Leads with $10.7 Billion in Trading Volume, While Pacifica's Volume Drops Below $600 Million

By: theblockbeats.news|2025/11/19 19:15:55
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BlockBeats News, November 19th, according to Defilama data, among various Perp DEXes, only Lighter's 24-hour trading volume has returned to above 10 billion USD, while the trading volumes of other platforms have mostly declined. Aster has surpassed Hyperliquid to take the second spot, Pacifica's trading volume has been halved. The current 24-hour trading volumes for some Perp DEXes are as follows:

Lighter's 24-hour trading volume is approximately 10.71 billion USD, with a TVL of around 1.2 billion USD and open interest of 1.69 billion USD;

Aster's 24-hour trading volume is approximately 8.72 billion USD, with a TVL of around 1.45 billion USD and open interest of 2.32 billion USD;

Hyperliquid's 24-hour trading volume is approximately 8.15 billion USD, with a TVL of around 4.52 billion USD and open interest of 7.79 billion USD;

EdgeX's 24-hour trading volume is approximately 5.94 billion USD, with a TVL of around 478 million USD and open interest of 706 million USD;

ApeX's 24-hour trading volume is approximately 2.9 billion USD, with a TVL of around 49.51 million USD and open interest of 37.19 million USD;

Backpack's 24-hour trading volume is approximately 1.58 billion USD, TVL is not publicly disclosed, and open interest is 193 million USD;

Variational's 24-hour trading volume is approximately 1.1 billion USD, with a TVL of around 69.46 million USD and open interest of 39.7 million USD;

Pacifica's 24-hour trading volume is approximately 559 million USD, with a TVL of around 41.9 million USD and open interest of 56.52 million USD.

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