Wu Shuo learned that, according to DeFiLlama data, on the day of the major decline, Perp DEX's trading volume on February 5th hit the second-highest single-day trading volume in history at $70 billion, second only to the "1011" flash crash on October 10, 2025. Among them, Hyperliquid's single-day trading volume reached $24.7 billion, Aster reached $10 billion, edgeX reached $8.7 billion, and Lighter reached $7.5 billion.

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