POPA ReconTop Perpetual DEXs by Open Interest
Top Perpetual DEXs by Open Interest About $15.8B in open interest sits across the top ten perp DEXs, and nearly half of it is on one venue: • Hyperliquid – $7.50B • tradeXYZ – $3.85B • Aster – $1.32B • Variational – $997M • Lighter – $742M • Grvt – $442M • Antarctic – $329M • GMX – $255M • edgeX – $181M • SoDEX – $150M tradeXYZ runs on Hyperliquid via HIP-3, so together they hold ~72% of top-10 OI. Its OI equals 7% of 30-day volume, twice Hyperliquid's rate: traders hold stock and commodity positions instead of flipping them. Hyperliquid made $82.0M in fees over 30 days, ~3x the rest combi…
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