Perpetual DEXES Dominate Weekly Trading Volume

The cryptocurrency market has seen significant growth in recent times, with various exchanges vying for dominance. One area of focus has been Perpetual Decentralized Exchanges (DEXES), which allow users to trade perpetual futures contracts without the need for custodial services.

According to a recent update from Phoenix Group, Hyperliquid is currently leading the pack in terms of weekly trading volume. The exchange boasts an impressive $4.2B in Total Volume Locked (TVL) and $35.4B in trading volume over the last 7 days.

Lightsider comes in second, with a significant growth in revenue and TVL. Aster is also gaining traction, with a notable increase in TVL and revenue generation.