On-chain Perp DEX trading volume declines, Hyperliquid crude oil contracts drop 33%

Gate News, March 11 — According to data from DefiLlama, the overall on-chain Perp DEX trading volume has declined recently, but the open interest remains high, indicating that leveraged funds have not yet exited the market. Previously, driven by macro events, market trading volume surged significantly; currently, the market is in a news lull and is waiting for direction. Specifically, Hyperliquid’s trading volume has decreased by about 21% compared to yesterday, with WTI crude oil futures trading volume down 33%, currently at $120 million. The main Perp DEX trading volumes are as follows: Hyperliquid with approximately $7.95 billion in 24-hour trading volume, about $4.51 billion in TVL, and approximately $6.09 billion in open interest; Aster with about $3.06 billion in 24-hour trading volume, approximately $942 million in TVL, and about $2.02 billion in open interest; EdgeX with roughly $2.67 billion in 24-hour trading volume, around $178 million in TVL, and approximately $1.07 billion in open interest; Lighter with about $2.28 billion in 24-hour trading volume, approximately $626 million in TVL, and about $646 million in open interest; Grvt with roughly $1.51 billion in 24-hour trading volume, around $104 million in TVL, and approximately $490 million in open interest; Pacifica with about $485 million in 24-hour trading volume, approximately $36.18 million in TVL, and about $66.24 million in open interest.