Overview of Mainstream Perp DEXs: Lighter Remains on Top Despite 15% Drop in Trading Volume, Followed Closely by Aster and Hyperliquid

On December 5, according to DefiLlama data, in the past 24 hours among Perp DEXs, Lighter’s trading volume dropped by about 15% but still ranked first. Some funds flowed to platforms with smaller market caps, and Pacifica’s trading volume rose again. Current trading volumes of some Perp DEXs are as follows: Lighter 24-hour trading volume is about $8.88 billion, TVL is about $1.27 billion, and open interest is $1.83 billion; Aster 24-hour trading volume is about $7.37 billion, TVL is about $1.42 billion, and open interest is $2.58 billion; Hyperliquid 24-hour trading volume is about $6.32 billion, TVL is about $4.34 billion, and open interest is $6.3 billion; EdgeX 24-hour trading volume is about $4.09 billion, TVL is about $412 million, and open interest is $811 million; ApeX 24-hour trading volume is about $2.82 billion, TVL is about $47.19 million, and open interest is $88.51 million; Variational 24-hour trading volume is about $1.75 billion, TVL is about $72.86 million, and open interest is $373 million; Backpack 24-hour trading volume is about $1.15 billion, TVL is not yet disclosed, and open interest is $201 million; Pacifica 24-hour trading volume is about $591 million, TVL is about $41.78 million, and open interest is $61.71 million.