Hyperliquid Leads Perpetual DEXs With $62.581 Billion in Weekly Volume

Hyperliquid ranked first among perpetual decentralized exchanges with $62.581 billion in seven-day trading volume, more than three times Lighter’s total, as sector activity increased from the previous week.

Lighter placed second at $19.511 billion, followed by Variational at $13.6 billion, Aster at $11.152 billion and GMX at $7.795 billion. GMX’s seven-day volume was 160% higher week over week.

Across perpetual DEXs, volume totaled $642.68 billion over 30 days. The seven-day sector total increased 6.99% week over week. The 24-hour volume figure was about $7.22 billion, and open interest was about $12.88 billion.

Perpetual volume measures the notional value of contracts and includes leveraged trading. It is not directly comparable with spot DEX volume, which counts token swaps; a previous comparison of spot and perpetual DEX activity explains the difference.