During the Christmas period, mainstream Perp DEX liquidity is low, tomorrow may be the last reward distribution before Lighter goes live
BlockBeats News, December 25th, according to DefiLlama data, the 24-hour trading volume of mainstream Perp DEX has significantly fallen again compared to the previous day. If Lighter is set to launch its mainnet and issue coins by the end of the 31st, this Friday may be its final token distribution, potentially keeping Lighter's trading volume active at the top. Hyperliquid ranks second, with a slight increase in most platforms' open interest. The current trading volume of some Perp DEXs is as follows:
Lighter's 24-hour trading volume is around $50.4 billion, TVL is about $14.1 billion, and open interest is $15.5 billion;
Hyperliquid has a 24-hour trading volume of around $35 billion, TVL of about $41.3 billion, and open interest of $72.6 billion;
Aster has a 24-hour trading volume of around $28.5 billion, TVL of about $12.7 billion, and open interest of $24.3 billion;
EdgeX has a 24-hour trading volume of around $18.7 billion, TVL of about $3.68 billion, and open interest of $7.61 billion;
ApeX has a 24-hour trading volume of around $17.6 billion, TVL of about $46.26 million, and open interest of $2.4 billion;
Variational has a 24-hour trading volume of around $10.9 billion, TVL of about $66.18 million, and open interest of $4.85 billion;
Backpack has a 24-hour trading volume of around $8.13 billion, TVL undisclosed, and open interest of $2.16 billion;
referral=pacbot" target="_blank">Pacifica has a 24-hour trading volume of around $4.88 billion, TVL of about $41.44 million, and open interest of $60.26 million.
You may also like

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today

ETH has entered a non-consensus phase, and the turning point is approaching!

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?

What is your view on Binance's competitive advantages?

I never expected that the first application of AI x Crypto would be in security auditing

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

Who is footing the bill for the $64 billion accounting frenzy?

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Why do cryptocurrency projects always like to change their names?

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

Former SpaceX engineer reconstructs the financial execution system using first principles

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
