Lighter Leads 24-Hour Perp DEX Volume as Pacifica Rebounds, DefiLlama Data Highlights Top Platforms

COINOTAG News, citing DefiLlama data, highlights a mixed cadence in the Perp DEX sector. Lighter‘s 24-hour trading volume has slipped about 15% but remains the leader, while capital is drifting toward smaller cap platforms, including a resurgence in Pacifica activity. Lighter’s latest metrics show ~$8.88B in 24-hour volume, TVL ~$1.27B, and open interest at ~$1.83B.

Other top perpetual venues show robust turnover but varying liquidity. Aster records $7.37B 24h volume, TVL $1.42B, OI $2.58B; Hyperliquid $6.32B, TVL $4.34B, OI $6.30B; EdgeX $4.09B, TVL $412M, OI $811M; ApeX posts $2.82B 24h volume, TVL $47.19M, OI $88.51M.

Pacifica is recording roughly $0.591B in 24-hour volume with a TVL near $41.78M and open interest around $61.71M; newer entrants like Variational show $1.75B in 24-hour volume and $72.86M TVL, while Backpack reports $1.15B in 24-hour turnover amid non-disclosed TVL.