Perp DEX
volume ranking.
32 perpetual DEXs ranked by 24-hour trading volume, with market share, open interest rank and which volumes to treat with caution. Updated daily.
By PerpsAtlas Research · Data as of . The text below is calculated from the same capture as the directory and changes when the data does.
- 24h volume, all venues$29.50B
- Hyperliquid share42.9%
- Venues ranked32
- Volumes hidden as implausible2
What the data shows
32 perp DEXs reported $29.50B of trading volume over the 24 hours to 09 Oct 2026 · 00:25 UTC (CoinGecko, rolling 24 hours). Hyperliquid led with $12.66B (42.9%), followed by Lighter and Variational.
Volume is the most quoted perp DEX metric and the easiest to inflate: points campaigns, fee rebates and self-trading all raise it. That is why our main ranking uses open interest. Some venues rank very differently by volume than by open interest — for example Pacifica, Arcus, Nado and GRVT — which is worth a closer look. We hide reported volume for 2 venue(s) where it is wildly out of line with open interest or with the fees the venue collects.
Daily volume history on our side started on 8 October 2026; a 30-day volume trend appears once a month of captures exists.
Ranking by 24h volume
| # | Venue | Volume 24h | Share | Open interest | OI rank |
|---|---|---|---|---|---|
| 1 |  HyperliquidHyperliquid L1 | $12.66B | 42.9% | $8.33B | #1 |
| 2 |  LighterRobinhood Chain, zkLighter | $3.40B | 11.5% | $804.18M | #4 |
| 3 |  VariationalArbitrum | $3.34B | 11.3% | $1.00B | #3 |
| 4 |  AsterChain not listed | $2.91B | 9.9% | $1.32B | #2 |
| 5 |  edgeXedgeX L1 | $1.32B | 4.5% | $215.28M | #7 |
| 6 |  PacificaChain not listed | $1.04B | 3.5% | $64.24M | #15 |
| 7 |  ExtendedEthereum, Starknet | $633.12M | 2.1% | $96.78M | #9 |
| 8 |  ArcusRobinhood Chain | $630.25M | 2.1% | $70.76M | #13 |
| 9 |  NadoInk | $596.27M | 2.0% | $41.87M | #20 |
| 10 |  GRVTGRVT | $554.67M | 1.9% | $446.68M | #5 |
| 11 | AntarcticChain not listed | $436.07M | 1.5% | $333.19M | #6 |
| 12 |  ApeX OmniArbitrum, Ethereum | $429.97M | 1.5% | $79.38M | #12 |
| 13 | StandXStandX | $354.91M | 1.2% | $20.26M | #27 |
| 14 |  SoDEXValueChain | $211.23M | 0.7% | $115.01M | #8 |
| 15 |  DeriveEthereum | $172.32M | 0.6% | — | — |
| 16 |  RISExRISE | $156.32M | 0.5% | $36.32M | #22 |
| 17 |  SynFuturesBase, Blast | $84.46M | 0.3% | $1.05M | #43 |
| 18 |  Polymarket PerpsChain not listed | $75.29M | 0.3% | $91.67M | #11 |
| 19 |  OrderlyOrderly Network | $75.21M | 0.3% | $29.93M | #23 |
| 20 |  GMXArbitrum, Avalanche | $75.11M | 0.3% | $57.42M | #17 |
| 21 |  dYdXdYdX | $71.71M | 0.2% | $50.40M | #19 |
| 22 |  DecibelAptos | $55.35M | 0.2% | $2.61M | #36 |
| 23 |  Injective Perps (Helix)Injective | $54.36M | 0.2% | $1.50M | #39 |
| 24 |  Gate Perp DEXGate Layer | $46.82M | 0.2% | $8.52M | #33 |
| 25 |  BULKBulk | $38.65M | 0.1% | $11.21M | #30 |
| 26 |  gTrade (Gains Network)ApeChain, Arbitrum | $34.63M | 0.1% | $1.90M | #38 |
| 27 |  Katana PerpsKatana | $16.16M | 0.1% | $712.77K | #46 |
| 28 |  ParadexEthereum, Paradex | $15.54M | 0.1% | $10.88M | #31 |
| 29 |  AstrosChain not listed | $12.03M | 0.0% | $13.81M | #28 |
| 30 |  AevoAevo L2 | $3.39M | 0.0% | $11.79M | #29 |
| 31 |  SynthetixEthereum | $2.73M | 0.0% | $404.44K | #48 |
| 32 |  SparkDEX PerpsFlare | $189.53K | 0.0% | $283.83K | #49 |
Common questions
Which perp DEX has the highest trading volume?
Hyperliquid, with $12.66B over the 24 hours to 09 Oct 2026 · 00:25 UTC, according to CoinGecko.
Is trading volume a good way to rank perp DEXs?
It is useful but easy to inflate with incentives. Open interest (positions actually held) and fees are harder to fake, so compare all three.
More data reports
- Best perp DEXs in 2026: shortlist by liquidity and track record
- Hyperliquid alternatives: the largest other perp DEXs compared
- Perp DEX tokens: prices, market caps and 30-day change
- Perp DEX fee comparison: lowest and zero-fee DEXs
- Perp DEX teams and investors: who is behind each exchange
- Highest-leverage perp DEXs: maximum leverage by venue
- Perp DEX restricted countries: USA, UK, Canada and more
- Perp DEX market share by open interest
- Which perp DEXs earn the most fees
- Perp DEX volume vs open interest: turnover ratio
- Perp DEXs without a token yet, ranked by open interest
- Perp DEXs by blockchain: where open interest settles
- RWA perp DEXs: who offers stocks, gold and FX perpetuals
Open interest and fees: DefiLlama, captured 09 Oct 2026 · 00:25 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 09 Oct 2026 · 00:25 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗
Market data, not investment advice. Venue links in the directory may be referral links; they never change rankings. Disclosure