ApeX Leads Perp DEX Trading Surge as Hyperliquid Tops with $68.8B in 24-Hour Volume

COINOTAG News, citing DefiLlama data, confirms a notable rise in Perp DEX activity, with daily trading volume climbing from yesterday’s sub-$30 billion level to a broad-based surge across major platforms. Leading the field, Hyperliquid reports roughly $68.8 billion in 24-hour volume, TVL near $41.6 billion, and open interest around $74.4 billion. Close contenders include Aster ($51.6B vol, $12.4B TVL, $24.1B OI) and Lighter ($33.9B vol, $14.5B TVL, $14.9B OI).

EdgeX posts $28.1B in 24-hour volume with TVL about $3.73B and open interest of $7.67B; Extended records $14.1B volume, $1.2B TVL, and $1.6B OI; ApeX shows $13.6B volume, $45.84 million TVL, and $23.0B OI; Pacifica reports $5.16B volume, $41.12 million TVL, and $59.19 million OI.

The distribution of liquidity across these venues highlights concentrated activity on Hyperliquid while other platforms provide targeted liquidity pockets. Market participants should monitor open interest and funding signals to gauge risk and price discovery dynamics in evolving crypto markets.