Overview of Mainstream Perp DEXs: Open Interest Increasing Across Platforms While TVL Declines, Market Risk Appetite on the Rise

HYPE-1,52%
ASTER1,29%

BlockBeats news, December 9—According to DefiLlama data, the open interest across various Perp DEX platforms has increased over the past 24 hours, while TVL has decreased, indicating a slight outflow of funds. However, existing or new capital is increasing leverage or opening new positions, reflecting growing market speculation and risk appetite. Current 24-hour trading volumes for select Perp DEXs are as follows: Lighter with approximately $8.61 billion in 24-hour trading volume, TVL around $1.36 billion, and open interest at $1.74 billion; Hyperliquid with about $6.2 billion in 24-hour trading volume, TVL around $438 million, and open interest at $654 million; Aster with about $5.78 billion in 24-hour trading volume, TVL around $1.39 billion, and open interest at $2.61 billion; EdgeX with about $4.71 billion in 24-hour trading volume, TVL around $406 million, and open interest at $810 million; ApeX with about $3.35 billion in 24-hour trading volume, TVL around $46.6 million, and open interest at $90.82 million; Backpack with about $1.1 billion in 24-hour trading volume, TVL not disclosed yet, and open interest at $207 million; Variational with about $1.03 billion in 24-hour trading volume, TVL around $72.86 million, and open interest at $320 million; Pacifica with about $682 million in 24-hour trading volume, TVL around $42.24 million, and open interest at $66.66 million.

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ABABBABAvip
· 2025-12-09 13:17
Just go for it 💪
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