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Mainstream Perp DEXs See Modest Volume Recovery; Hyperliquid Leads

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Mainstream perpetual DEXs saw a slight rise in trading volume on December 23, 2025, according to MarsBit and DefiLlama. The increase followed a dip over the weekend, possibly due to lower liquidity before Christmas. Hyperliquid led with a 24-hour transaction volume of around $61.8 billion, followed by Lighter and Aster. Other platforms like EdgeX, ApeX, Backpack, Variational, and Pacifica showed varied TVL and open interest.
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