Mainstream Perp DEX Overview: Hyperliquid Trading Volume Slightly Declines, Funding Rates Still Dominant

BlockBeats News, January 28th, according to DefiLlama data, most platforms saw an increase in trading volume in the past 24 hours, but Hyperliquid's volume bucked the trend and experienced a decrease, currently standing at around $6.52 billion. Its open interest slightly rebounded to $8.49 billion despite the contraction in trading volume, possibly due to funds already being deployed for opening positions, leading to a cooling off in short-term trading. Meanwhile, Lighter is in second place with a trading volume of around $3.91 billion. The current status of some major Perp DEX trading volumes is as follows:

Hyperliquid has a 24-hour trading volume of around $6.52 billion, a TVL of around $4.57 billion, and an open interest of around $8.49 billion;

Lighter has a 24-hour trading volume of around $3.91 billion, a TVL of around $1.01 billion, and an open interest of around $1.27 billion;

EdgeX has a 24-hour trading volume of around $3.27 billion, a TVL of around $234 million, and an open interest of around $1.05 billion;

Aster has a 24-hour trading volume of around $2.53 billion, a TVL of around $1.23 billion, and an open interest of around $2.58 billion;

Grvt has a 24-hour trading volume of around $2.15 billion, a TVL of around $94.6 million, and an open interest of around $518 million;

Paradex has a 24-hour trading volume of around $1.97 billion, a TVL of around $222 million, and an open interest of around $773 million;

Pacifica has a 24-hour trading volume of around $824 million, a TVL of around $42.9 million, and an open interest of around $83.8 million.