Major Perp DEXs See Declining Open Interest, Hyperliquid Drops 36.2% Weekly

KuCoinFlash

Release Time: 02/04/2026 11:01:22

Summary

According to DefiLlama data, open interest across major perpetual DEX platforms has dropped sharply in the past week. Hyperliquid's open interest fell 36.2% week-over-week, though its 24-hour trading volume hit $130.8 billion. Market volatility likely drove frequent position adjustments. Other platforms include Aster at $56.6 billion, EdgeX at $52 billion, Lighter at $44.6 billion, Extended at $24.3 billion, and Pacifica at $776 million. Rising interest rates may be contributing to the broader decline in open interest.

BlockBeats News, on February 4, according to DefiLlama data, the open interest of all platforms in the past seven days has continued to decline. Hyperliquid's open interest fell by about 36.2% compared to the previous week, while its trading volume rose again, possibly due to market volatility in the past 24 hours leading to frequent adjustments of existing positions, thus forming "passive volume increase." The current trading volume of major Perp DEXs is as follows:

Hyperliquid 24-hour trading volume is approximately 1.308 billion USD, TVL is approximately 436 million USD, and open interest is approximately 582 million USD;

Aster 24-hour trading volume is approximately 5.66 billion USD, TVL is approximately 1.14 billion USD, and open interest is approximately 2.0 billion USD;

EdgeX 24-hour trading volume is approximately 5.20 billion USD, TVL is approximately 195 million USD, and open interest is approximately 869 million USD;

Lighter 24-hour trading volume is about 446 million USD, TVL is about 974 million USD, and open interest is about 105 million USD;

Extended 24-hour trading volume is approximately 243 million USD, TVL is approximately 21.8 million USD, and open contracts volume is approximately 30.9 million USD;

Pacifica The 24-hour trading volume is approximately 776 million U.S. dollars, TVL is approximately 41.93 million U.S. dollars, and the open contract volume is approximately 59.77 million U.S. dollars.

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