Lighter, Hyperliquid Lead DEX Trading Volumes Over Past 24 Hours
Aster's 24-hour trading volume reaches $42.8 billion, marking a 1994% increase, with Hyperliquid and Lighter also seeing significant growth in volume and TVL.
HYPE
Summary
Aster has dominated the Perp DEX space with $42.8 billion in 24-hour trading volume, reflecting a staggering 1994% increase over the past week. Hyperliquid has also reported impressive growth, with $5.59 billion in volume across 180 pairs. Other platforms, including Lighter, are showing substantial increases in both trading volume and total value locked (TVL).
Terms & Concepts
- Perp DEX: A decentralized exchange specifically designed for perpetual contracts, which allow users to trade cryptocurrency derivatives without an expiration date.
- Total Value Locked (TVL): The total value of assets held in a decentralized finance (DeFi) protocol, often used to measure the size and health of a DeFi platform.
- Trading Pairs: A pair of cryptocurrencies or tokens that can be exchanged on a trading platform, where one can be traded for the other.