Perp DEX trading volumes decline: Hyperliquid drops 16%, TradeXYZ reverts to March levels

Chainthink

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Summary

On-chain perpetual DEX trading volume has experienced a broad decline. Hyperliquid’s 24-hour volume fell approximately 16% from the previous day, while TradeXYZ’s weekly volume has retreated to early March levels. Aster ranks second in trading activity. Current 24-hour trading volumes and open interest are: Hyperliquid at $6.52 billion and $7.58 billion; TradeXYZ at $1.6 billion and $1.79 billion; Aster at $2.08 billion and $2.09 billion; EdgeX at $2.04 billion and $948 million; Lighter at $1.59 billion and $694 million; and Pacifica at $482 million and $81.53 million.

ChainThink reports, according to DefiLlama data, that overall trading volume across on-chain Perp DEX markets has generally declined. Hyperliquid's trading volume decreased by approximately 16% compared to yesterday.

TradeXYZ's trading volume this week has declined to levels seen in early March, with Aster currently ranking second in trading volume.

The 24-hour trading volume and open interest for major perpetual DEXs are as follows: Hyperliquid has a 24-hour trading volume of approximately $6.52 billion and an open interest of $7.58 billion;

TradeXYZ has a 24-hour trading volume of approximately $1.6 billion and an open interest of $1.79 billion; Aster has a 24-hour trading volume of approximately $2.08 billion and an open interest of $2.09 billion.

EdgeX has a 24-hour trading volume of approximately $2.04 billion and an open interest of $948 million; Lighter has a 24-hour trading volume of approximately $1.59 billion and an open interest of $694 million.

Pacifica's 24-hour trading volume is approximately $482 million, with open interest reaching $81.53 million.

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