2026-01-15 23:14:52

Perpetual DEX landscape heating up—here's the 24-hour volume breakdown:

Hyperliquid leading the pack at $8.82B, followed by Aster at $5.75B and Lighter claiming the third spot with $4.74B. EdgeX rounds out the top tier at $3.86B. Beyond that, you've got a second wave: Variational and Extended both pushing $1.87B, GRVT at $1.62B, ApeX hitting $1.39B, with Nado and Tradexyz closing out the list at $1.25B and $1.12B respectively.

What's driving these numbers? Liquidity depth, trading fees, and user experience matter—but so does which platform matches your trading style. Some traders gravitate toward the highest volume for tighter spreads. Others prioritize specific features or token incentives.

The permutation of choices here shows how fragmented the perp DEX market still is. None of these are capturing 40%+ market share. That's either healthy competition or room for consolidation—depends on your perspective.

Which one fits your toolkit? Volume alone doesn't tell the whole story.

HYPE-2,46%

ASTER-0,62%

LIT-4,62%

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WalletDetective

· 01-17 21:57

Hyperliquid is so powerful, 8.82B taking off directly... But with that many platforms scattered like that, who can really survive?

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LuckyBearDrawer

· 01-16 23:34

Here comes the volume again. Hyperliquid is so fierce; is there any other way out?

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HackerWhoCares

· 01-15 23:43

hyperliquid is way ahead, which is a bit outrageous. It feels like it's about to monopolize.

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FlashLoanLarry

· 01-15 23:43

Hyperliquid is so powerful, 8.8 billion, everything else has been beaten... But to be honest, high volume doesn't necessarily mean it's easy to use. I still prioritize slippage and transaction fees.

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0xSleepDeprived

· 01-15 23:41

Hyperliquid is so impressive... over 8 billion in daily trading volume, leaving other platforms far behind. But honestly, the experience is the real key; no matter how large the volume is, if the fees are ridiculously high, it's all pointless.

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ContractTester

· 01-15 23:20

Hyperliquid is so competitive, do other platforms still have a chance... But on the other hand, high volume doesn't necessarily mean low fees. I still prioritize transaction fees and slippage.

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