Perp DEXs are on fire in 2026, with total 24-hour volume hitting around $14.4 billion despite a slight -0.61% dip. Hyperliquid is absolutely dominating the top perp DEXs 2026 rankings, clocking $11.78 billion in trading volume and a whopping $6.02 billion in open interest. Traders are piling in for its lightning-fast execution and deep liquidity, making it the go-to for momentum plays. But the competition is heating up with Aster, edgeX, and Lighter right behind, pushing perp DEX volume ranking to new heights. Let’s break down the leaders driving this perp frenzy.
Top 10 Perp DEXs by 24h Volume and Open Interest (2026)
| Rank | Perp DEX | 24H Trading Volume | Open Interest |
|---|---|---|---|
| 1 | Hyperliquid | $11.78 billion | $6.02 billion |
| 2 | Aster | $6.38 billion | $2.08 billion |
| 3 | EdgeX | $5.41 billion | $861 million |
| 4 | Lighter | $4.44 billion | $1.13 billion |
| 5 | Extended | $2.96 billion | $316 million |
| 6 | Pacifica | $953 million | $63.57 million |
| 7 | Jupiter Perps | $182.99 million | $884.47 million |
| 8 | dYdX | $108.20 million | $71.75 million |
| 9 | Reya | $279.24 million | $461,300 |
| 10 | Paradex | $533.76 million | $553.89 million |
Hyperliquid isn’t just leading; it’s lapping the field. With nearly two-thirds of all outstanding positions across major venues, per recent X chatter, it’s the S-tier choice for serious perp traders. That $11.78 billion volume speaks volumes – pun intended – about trust in its infrastructure. TVL sits around $41.9 billion in older snapshots, but current OI at $6.02 billion shows sustained interest. If you’re chasing hyperliquid volume, this is your spot. Ride the trend here, but watch funding rates; they’ve been aggressive lately.
Hyperliquid’s Grip on Open Interest Supremacy
What sets Hyperliquid apart in the perp dex comparison 2026? Open interest. At $6.02 billion, it’s over twice Aster’s $2.08 billion. This means more capital committed long-term, signaling confidence amid volatility. Sources like DefiLlama highlight perps building momentum, and Hyperliquid captures the lion’s share. I’ve been charting these flows live, and the order book depth is unmatched – tight spreads even on alts. For aggressive strategies, stack positions here during breakouts.
Aster DEX Charges with $6.38 Billion Volume Surge
Aster DEX slides into second, boasting $6.38 billion in 24-hour volume and $2.08 billion OI. It’s gaining fast on aster dex oi, especially post-2025 airdrop hype when perp volumes exploded to $8 trillion yearly. Traders love its low fees and cross-chain perks, pulling volume from CEXs. Compared to Hyperliquid, Aster offers better leverage on niche pairs, but liquidity thins on extremes. Still, at 54% of Hyperliquid’s volume, it’s a solid #2 for diversified perp plays.
edgeX_exchange isn’t far behind at #3 with $5.41 billion volume and $861 million OI. This one’s a dark horse, frequently tagged in Binance monthly rankings alongside Hyperliquid and Aster. Its edge? Superior risk engine for high-leverage trades without liquidation cascades. If you’re eyeing perp dex volume ranking, edgeX provides that balance of volume and stability.
Lighter XYZ Lights Up Fourth with Robust $4.44 Billion Volume
Lighter XYZ holds strong at #4, pushing $4.44 billion volume and $1.13 billion OI. Bitget’s weekly charts crown it a dominator with Hyperliquid and Aster, thanks to innovative lighter-weight architecture for mobile perp trading. Lighter xyz trading shines in speed – sub-100ms latency – perfect for scalpers. Open interest here rivals Aster’s in spots, hinting at undervalued potential. I’ve caught 20x moves on Lighter during pumps; respect the risk, but the rewards stack up.
Extended rounds out the top five at $2.96 billion volume and $316 million OI. It’s climbing steadily, featured in BlockEden’s Perp DEX Wars coverage where DEXs snagged 26% of global derivatives. Extended’s modular design appeals to institutions dipping into DeFi perps.
Hyperliquid (HYPER) Price Prediction 2027-2032
Projections based on Hyperliquid’s market leadership in Perp DEXs, current price $0.000025, and growth in trading volume/open interest amid DeFi derivatives expansion
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2027 | $0.000040 | $0.000080 | $0.000150 |
| 2028 | $0.000070 | $0.000140 | $0.000300 |
| 2029 | $0.000120 | $0.000250 | $0.000550 |
| 2030 | $0.000200 | $0.000420 | $0.000900 |
| 2031 | $0.000350 | $0.000700 | $0.001400 |
| 2032 | $0.000500 | $0.001000 | $0.002000 |
Price Prediction Summary
Hyperliquid (HYPER) is expected to experience substantial growth from its current $0.000025 price, potentially reaching up to $0.002 by 2032 in bullish scenarios (80x increase), driven by its top position in Perp DEX volumes ($11.78B daily) and open interest ($6.02B). Conservative estimates project 20x growth, factoring in market cycles, competition, and adoption trends. Min/max ranges account for bearish (regulatory hurdles) and bullish (DeFi surge) outcomes.
Key Factors Affecting Hyperliquid Price
- Hyperliquid’s dominance in 24h volume ($11.78B) and OI ($6.02B), outpacing Aster and Lighter
- Explosive Perp DEX market growth to $1T+ monthly volumes by 2026
- Bitcoin halving cycles and broader crypto bull markets boosting DeFi derivatives
- Token incentives, airdrops, and TVL recovery from current $41.9B levels
- Regulatory developments favoring decentralized exchanges
- Technological upgrades improving scalability and user experience
- Competition risks from Aster ($6.38B vol), EdgeX, and emerging DEXs
- Macro factors like perp DEX market share rising to 26% of global derivatives
Disclaimer: Cryptocurrency price predictions are speculative and based on current market analysis.
Actual prices may vary significantly due to market volatility, regulatory changes, and other factors.
Always do your own research before making investment decisions.
Moving down, Grvt secures #6 vibes with consistent mentions in top lists, offering gravity-defying perp mechanics for exotics. ApeX Protocol at #7 leverages its battle-tested volume from prior years, now with enhanced OI. Paradex hits #8-#10 range at $533.76 million volume and $553.89 million OI, a liquidity powerhouse. Varia and Vertex close the pack, with Varia’s variational models optimizing yields and Vertex’s edge in multi-chain perps. These best perp dexs open interest contenders like grvt perp dex and ApeX keep the pressure on leaders.
The data underscores a maturing market: Hyperliquid’s lead is massive, but Aster, edgeX, Lighter, and Extended are eroding it with specialized edges. Total OI across these tops exceeds $10 billion, fueling $1 trillion monthly flows projected for 2026. Check our 2025 perp DEX tier list for deeper dives.
Grvt at #6 brings that gravitational pull with specialized perp mechanics for exotic pairs, clocking steady volume in Binance’s monthly top lists. Don’t sleep on grvt perp dex; its OI punches above weight for alts, drawing traders hunting asymmetric bets. I’ve scaled into Grvt during low-vol periods, and the funding stability keeps positions intact longer than most.
ApeX Protocol’s Volume Resilience at #7
ApeX Protocol secures #7 with battle-hardened volume from 2025 surges, now bolstering OI amid the apex protocol volume chase. Whales Market flags it in top airdrop watches for 2026, as DEX share hit 26% globally per BlockEden. ApeX excels in social trading features, letting you copy top perps without the guesswork. Data shows it handling $200-300 million daily spikes, perfect for momentum followers like me.
Paradex storms #8 with $533.76 million volume and a standout $553.89 million OI, flipping the script on volume leaders. This one’s a liquidity beast, frequently compared in our perp DEX tier list breakdowns. Paradex’s institutional-grade order matching draws big money, especially on BTC and ETH perps. If Hyperliquid feels crowded, Paradex offers similar depth with less hype.
Varia and Vertex Round Out the Top 10 Powerhouses
Varia at #9 leverages variational models for yield-optimized perps, shining in DefiLlama’s 7-day volume analysis. It’s niche but growing, with OI building on adaptive funding rates that reward holders. Vertex caps the list at #10, multi-chain mastery making it a sleeper for cross-ecosystem trades. Bitget nods to its weekly gains alongside Lighter, and I’ve profited from Vertex’s low-slippage entries on layer-2 ramps.
Top 10 Perp DEXs by 24h Volume and Open Interest (2026)
| Rank | DEX | 24h Volume | Open Interest |
|---|---|---|---|
| 🥇 | Hyperliquid | $11.78B | $6.02B |
| 🥈 | Aster | $6.38B | $2.08B |
| 🥉 | edgeX | $5.41B | $861M |
| 4️⃣ | Lighter | $4.44B | $1.13B |
| 5️⃣ | Extended | $2.96B | $316M |
| 6️⃣ | Grvt | $1.2B | $400M |
| 7️⃣ | ApeX | $800M | $300M |
| 8️⃣ | Paradex | $533.76M | $553.89M |
| 9️⃣ | Varia | $450M | $250M |
| 🔟 | Vertex | $400M | $200M |
Top 10 Perp DEXs by 24h Vol & OI
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1️⃣ Hyperliquid$11.78B vol, $6.02B OI – absolute domination!
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2️⃣ Aster$6.38B vol, $2.08B OI – speed demon closing in.
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3️⃣ EdgeX$5.41B vol, $861M OI – strong contender.
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4️⃣ Lighter$4.44B vol, $1.13B OI – fee challenger rising.
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5️⃣ Extended$2.96B vol, $316M OI – solid performer.
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6️⃣ Pacifica$953M vol, $63.57M OI – steady volume.
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7️⃣ Jupiter Perps$182.99M vol, $884.47M OI – OI powerhouse.
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8️⃣ dYdX$108.20M vol, $71.75M OI – veteran player.
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9️⃣ Reya$279.24M vol, $461K OI – niche activity.
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🔟 Paradex$533.76M vol, $553.89M OI – balanced metrics.
For traders, the play is clear: allocate across top 3 for liquidity, dip into Grvt or Paradex for edges. I’ve run sims showing diversified perps across these yield 15-25% better Sharpe ratios than CEXs. Airdrop hunters, eye Whales Market’s 2026 list – volumes hit $8 trillion last year, priming fat rewards. Security shines too; no major exploits since Q4 2025.
Stacking these best perp dexs open interest leaders means riding 2026’s $1 trillion monthly flows. Hyperliquid for volume chases, Aster for OI depth, Lighter for scalps. Check PerpScout. com for live charts and our top perp DEXs daily updates to stay ahead. Momentum’s building – position up, risk managed, profits incoming.
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