Huo Xing Cai Jing reports that, as of April 7, according to DefiLlama data, the HIP-3 ecosystem project TradeXYZ has seen sustained growth in trading volume, reaching $2.4 billion, with open interest simultaneously surpassing $2.2 billion, both exceeding other platforms and currently accounting for 34% of Hyperliquid’s total trading volume. The current ranking of major Perp DEX trading volumes is as follows: Hyperliquid (including TradeXYZ): 24-hour trading volume of approximately $7.1 billion, open interest of approximately $7.63 billion; TradeXYZ: 24-hour trading volume of approximately $2.418 billion, open interest of approximately $2.233 billion; EdgeX: 24-hour trading volume of approximately $2.215 billion, open interest of approximately $1.001 billion; Lighter: 24-hour trading volume of approximately $1.88 billion, open interest of approximately $661 million; Aster: 24-hour trading volume of approximately $1.829 billion, open interest of approximately $1.803 billion; Pacifica: 24-hour trading volume of approximately $431 million, open interest of approximately $78.93 million;
TradeXYZ Surpasses Other Perp DEXs with $24.18B in 24-Hour Trading Volume
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As of April 7, 2026, TradeXYZ, a project within the HIP-3 ecosystem, recorded $24.18 billion in 24-hour trading volume, surpassing other perpetual DEXs. Open interest exceeded $22.33 billion. According to DefiLlama data, TradeXYZ now accounts for 34% of Hyperliquid’s total volume. Combined, Hyperliquid and TradeXYZ achieved $71 billion in 24-hour volume and $76.3 billion in open interest. EdgeX, Lighter, Aster, and Pacifica followed with $22.15 billion, $18.8 billion, $18.29 billion, and $4.31 billion, respectively. Recent interest rate news and inflation data have not yet shown a direct impact on this volume surge.
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