Lighter Regains Top Spot in Perp DEX 24-Hour Trading Volume

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Lighter reclaimed the top spot in 24-hour trading volume on Perp DEX platforms, hitting $7.51 billion on December 17, 2025, per DefiLlama. Aster and Hyperliquid followed with $6.91 billion and $5.37 billion in transaction volume, respectively. Most platforms held strong open interest, showing active position battles despite cooling market activity.
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