BlockBeats News, February 25 — According to data from DefiLlama, the trading volume of major Perp DEXs has mostly rebounded, with Aster experiencing a significant decline and dropping to fourth place; Lighter is now in second. Hyperliquid remains at the top, with a slight increase in open interest, small fluctuations in trading volume, and maintaining its leading position. The current ranking of major Perp DEXs by trading volume is as follows:
Hyperliquid’s 24-hour trading volume is approximately $6.37 billion, TVL is about $4.2 billion, and open interest is around $5.49 billion;
Lighter’s 24-hour trading volume is approximately $3.13 billion, TVL is about $920 million, and open interest is around $714 million;
EdgeX’s 24-hour trading volume is approximately $2.39 billion, TVL is about $183 million, and open interest is around $994 million;
Aster’s 24-hour trading volume is approximately $2.34 billion, TVL is about $1.06 billion, and open interest is around $1.79 billion;
Variational’s 24-hour trading volume is approximately $1.21 billion, TVL is about $107 million, and open interest is around $681 million;
Pacifica’s 24-hour trading volume is approximately $625 million, TVL is about $36.3 million, and open interest is around $59.66 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Silver contract trading volume soars by 27%, Gate's open interest ranks among the top three globally
Recently, activity in the silver market has significantly increased, with contract trading volume reaching $3.112 billion, a 27.30% increase. The Gate platform's open interest exceeds $16.53 million, ranking in the top three globally, offering diversified contract trading and supporting up to 100x leverage.
GateNewsBot10m ago
Data: If ETH falls below $1,953, the total long liquidation strength on mainstream CEXs will reach $992 million.
ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,953, the total long liquidation strength on major CEXs will reach $992 million. Conversely, if ETH breaks above $2,155, the total short liquidation strength on major CEXs will reach $599 million.
GateNewsBot1h ago
Monad Co-founder: The conspiracy theory that Jane Street is suppressing Bitcoin below $150,000 is unfounded
Monad Co-founder Keone Hon posted on the X platform to refute the conspiracy theory that Jane Street is suppressing Bitcoin below $150,000, pointing out that the total market position aligns with the total supply of Bitcoin, and any party can decide to short to increase long positions.
GateNewsBot1h ago
The strongest high school student in the crypto world, 0xRay, has提前布局NVIDIA, with a paper profit of tens of millions of TWD
NVIDIA's Q4 earnings report shows net profit doubling to $43 billion, surpassing expectations, mainly driven by data center business. Taiwanese trader 0xRay opened a $16.56 million NVIDIA futures long position on Hyperliquid, with a leverage of 6 times. Although the stock price initially rose after the earnings report, it ultimately declined due to Chinese competition and uncertain future outlook. 0xRay's operations have attracted attention, as its contracts do not represent actual stock holdings.
MarketWhisper2h ago
Crushing millions in liquidity for less than a cent, order attacks could drain Polymarket's liquidity foundation
Author: Frank, PANews
An on-chain transaction costing less than $0.10 can instantly wipe out market-making orders worth tens of thousands of dollars from Polymarket's order book. This is not just a theoretical scenario; it is happening in reality.
In February 2026, a user disclosed a new type of attack against Polymarket market makers on social media. Blogger BuBBliK described it as “elegant & brutal,” because the attacker only needs to pay less than $0.1 in Gas fees on the Polygon network to complete an attack cycle in about 50 seconds. The victims—market makers and automated trading bots that display real buy and sell orders on the order book—face multiple blows: forced removal of orders, passive exposure of positions, and even direct losses.
PANews reviewed a report about this attack.
PANews2h ago
Data: Hyperliquid platform whales currently hold positions worth $3.11 billion, with a long-short position ratio of 0.99
According to Coinglass data, the whale holdings on the Hyperliquid platform have reached $3.11 billion, with long and short positions nearly evenly split at 49.72% and 50.28%, respectively. The mega whale address 0xa5b0..41 was fully long on ETH at $1991.53 and has an unrealized profit and loss of $4.6526 million so far.
GateNewsBot3h ago
