Top 10 Perps DEX by Monthly Trading Volume

Hyperliquid — $178.23B

Aster — $77.77B

EdgeX — $70.83B

Lighter — $65.47B

ApeX — $36.83B

GRVT — $36.58B

Variational — $29.01B

StandX — $17.67B

Pacifica — $14.33B

Extended — $11.85B

The decentralized derivatives sector continues to gain traction, with several platforms already processing tens of billions in monthly trading volume.

Hyperliquid leads the market by a wide margin, while Aster, EdgeX, and Lighter also rank among the largest perps DEX by activity.