POPA ReconOnly 3 Perp DEXs Grew Open Interest in 2026
Only 3 Perp DEXs Grew Open Interest in 2026 Across the field, just three perp DEXs added open interest this year. Everyone else bled positions — even names pushing massive volume. 📈 The only growers • Pacifica +32.8% ($64M → $85M) • Hyperliquid +24.2% ($7.46B → $9.26B) • GRVT +12.0% ($318M → $356M) The tell: volume ≠ sticky positions. Aster did $482B in volume and still lost 31% of its OI; Apex traded $233B and shed 46%. Open interest is the honest metric — it's capital willing to stay on the book, not just pass through.
The excerpt is quoted from a public Telegram channel, which owns its text.