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Lighter Surpasses Hyperliquid in 24-Hour Perp DEX Trading Volume

According to Cointelegraph, Lighter reached $8.83 billion in daily perpetual decentralized exchange trades, overtaking Hyperliquid’s $8.52 billion.

HYPE

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Terms & Concepts
  • Perpetual DEX: A decentralized exchange offering perpetual futures contracts without expiration dates, allowing continuous trading of crypto derivatives.
  • Perpetual Futures: A type of derivative contract that allows traders to speculate on the price of an asset without an expiry date.