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Hyperliquid Leads Rebound in Perp DEX Trading Volumes on January 13

According to DefiLlama, decentralized perpetual exchanges saw renewed activity, with Hyperliquid recording over $7 billion in daily trades and $4.21 billion in total value locked.

HYPE

Summary

Decentralized perpetual trading platforms experienced a notable recovery on January 13. DefiLlama reported that Hyperliquid led with approximately $7.07 billion in 24‑hour trading volume and $4.21 billion in total value locked. Aster followed with $5.52 billion, while Lighter’s trade volume declined amid token depreciation.

Terms & Concepts
  • Perp DEX: Short for perpetual decentralized exchange, a platform that enables trading of perpetual futures (contracts without expiration) on decentralized networks.
  • TVL (Total Value Locked): A measure of the total assets deposited in a DeFi protocol, indicating overall capital participation.
  • DefiLlama: A data aggregator that tracks decentralized finance (DeFi) statistics including trading volumes and total value locked across protocols.