POPA ReconTop Perpetual DEXs by Open Interest
Top Perpetual DEXs by Open Interest Open interest shows how much capital is actually sitting in live positions - the truest read on a venue's depth. Current standings: • Hyperliquid - $12.9B • Aster - $2.31B • Variational - $1.43B • Lighter - $1.12B • edgeX - $582M • Grvt - $432M • Antarctic - $314M • GMTrade - $266M • QFEX - $198M • Derive - $173M Hyperliquid holds 65% of all open interest across the top 10, more than double the other nine combined, and $62.58M in 30-day fees against $18.4M for everyone else. Its lead is widening, not narrowing. It sits 3rd on OI with $1.43B while doing $…
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