# Hyperliquid Leads Perpetual DEXs With $62.581 Billion in Weekly Volume By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/52302 Published: 2026-11-09T12:47:19.000Z Updated: 2026-11-09T12:47:19.000Z Section: Investing > Perp DEX volume over the past seven days rose 6.99% week over week, while GMX’s volume increased 160%. 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. ## Links in this article - [a previous comparison of spot and perpetual DEX activity](https://www.tokenpost.com/news/investing/33639)