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Lighter Tops Perpetual DEX Trading Volume With $9.32B on Nov. 26

DefiLlama data shows Lighter leading perpetual DEX volumes ahead of HyperLiquid and Aster, with significant TVL and open interest figures indicating strong market activity.

HYPE

Summary

DefiLlama reported that on Nov. 26, Lighter ranked first among perpetual DEXs with $9.32 billion in daily trading volume, a total value locked (TVL) of $1.2 billion, and open interest of $1.74 billion. HyperLiquid followed with $7.93 billion in volume, while Aster recorded $6.59 billion. Both HyperLiquid and Aster saw slight declines in trading activity compared to previous days.

Terms & Concepts
  • Perpetual DEX: A decentralized exchange that offers perpetual futures contracts without expiry dates, enabling leverage trading directly on blockchain.
  • TVL (Total Value Locked): The total value of assets deposited in a decentralized finance platform, used as a measure of its size and adoption.
  • Open Interest: The total number of outstanding derivative contracts, such as futures, that have not been settled.