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Aster Leads Perp DEX Trading With $11.25B Daily Volume, Surpasses Hyperliquid

Defilama data shows Aster maintaining the top position in 24-hour perpetual DEX trading, with notable increases in volume and open interest across major platforms.

HYPE

Summary

Defilama reports Aster as the leading perpetual DEX, recording $11.25 billion in 24-hour trading volume, $1.39 billion in TVL, and $2.25 billion in open interest. Hyperliquid ranks second with $10.77 billion in daily volume, $4.38 billion TVL, and $7.50 billion open interest, showing significant growth in the sector.

Terms & Concepts
  • TVL (Total Value Locked): The total value of assets staked or locked within a blockchain protocol, often used to measure its size and usage.
  • Open Interest: The total value of outstanding derivative contracts, such as futures, that have not been settled.
  • Perpetual DEX: A decentralized exchange offering perpetual futures contracts without an expiry date, allowing traders to maintain positions indefinitely.