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

2026-01-19 05:51:11

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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.

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