POPA ReconPerpetual 30-Day Trading Volume Distribution Across Major DEXs
Perpetual 30-Day Trading Volume Distribution Across Major DEXs Hyperliquid remains the clear leader, but April’s data shows the perp DEX market becoming more competitive as edgeX, Lighter, and GRVT continue to gain ground. At the same time, overall perp trading activity has been cooling since peaking in October 2025.
The excerpt is quoted from a public Telegram channel, which owns its text.