Post #11890

Top 10 Perpetual DEXs by Open Interest • Hyperliquid - $7.38B OI • TradeXYZ - $2.08B OI • Aster - $1.85B OI • edgeX - $982M OI • Variational - $667M OI • Lighter - $643M OI • Grvt - $436M OI • Extended - $327M OI • Ostium - $215M OI • Ethereal - $126M OI Hyperliquid dominates with over $7B in open interest and $200B in monthly volume, now accounting for 54% of all perp DEX activity, mostly driven by oil-linked perpetuals, which exploded since the war in Iran began. Geopolitical volatility is proving that on-chain perps aren't just a crypto toy anymore. Oil, gold, silver, S&P 500-traders want 24/7 markets, and DEXs are delivering what TradFi can't. Data sources:defillama.com Top 7 Ecosystem:Alpha | X | Aggregator