COINOTAG News, citing DefiLlama data dated December 24, notes a modest pullback in 24-hour trading volume across major Perp DEX venues. Lighter reclaimed the lead, edging Hyperliquid, while TVL and open interest remained largely stable, signaling a cautious liquidity environment.

Top performers by 24h volume were Lighter (~$61B, TVL ~$14.1B, OI ~$15.6B) and Hyperliquid (~$56.4B, TVL ~$41.2B, OI ~$70.4B). Other notable activity included Aster (~$41B, TVL $12.7B, OI $23.9B) and EdgeX (~$27.6B, TVL $3.67B, OI $7.43B).

Smaller venues such as ApeX (~$18.9B, TVL $46.4M, OI $2.21B), Variational (~$10.8B, TVL $66.18M, OI $5.03B), Backpack (~$10.7B, TVL undisclosed, OI $2.21B), and Pacifica (~$6B, TVL $41.47M, OI $58.54M) complete the current market landscape.