Major DEX perpetual futures trading volume slightly rebounds from weekend low… Hyperliquid ranks first

As liquidity in the crypto (cryptocurrency) derivatives market has slowed, trading volumes on major perpetual futures (perp) decentralized exchanges (DEXs) have shown a limited rebound compared to the weekend low.

On the 23rd, crypto-focused media BlockBeats reported that, according to DeFiLlama's tally, major perp DEX volumes over the past 24 hours generally showed a mild recovery. However, with the Christmas holidays approaching, both institutional and retail investors have been on the sidelines, limiting trading activity.

By platform, Hyperliquid maintained the lead with approximately $6.18 billion in 24-hour trading volume. Total value locked (TVL) was about $4.12 billion, and open interest was $7.35 billion.

Raiter followed with about $5.81 billion in trading volume; TVL was $1.41 billion, and open interest was about $1.6 billion. Aster recorded about $5.11 billion in 24-hour trading volume, TVL of $1.28 billion, and open interest of $2.41 billion.

Others were EdgeX ($2.99 billion), Apex ($1.91 billion), Backpack ($1.3 billion), Variational ($960 million), and Pacifica ($589 million), respectively.

Market observers say that until the year-end holiday trading halt ends, perp DEX trading volumes are more likely to continue fluctuating within a limited range rather than showing a clear direction.