Perp DEX open interest by venue
Open interest, latest day, as of Oct 31, 2026: Hyperliquid 50.9%, then trade.xyz 26.8% of the 17 perp DEXes DexSheet tracks (source DefiLlama, updated daily). Hyperliquid code DEXSHEET (4% off fees). Hyperliquid: $7.57B of $14.9B tracked.
Data as of 2026-10-31 · updated daily · CSV · JSON · CC BY 4.0Hyperliquid led the 17 perp DEXes DexSheet tracks by open interest on 2026-10-31, with $7.57B (50.9% of the tracked total of $14.9B), ahead of trade.xyz at $3.98B (26.8%).
Open interest, latest day, as of 2026-10-31. Share = part of the total across the venues listed.
| # | Venue | Open interest | Share | |
|---|---|---|---|---|
| 1 | Hyperliquid | $7.57B | 50.9% | Open |
| 2 | trade.xyz | $3.98B | 26.8% | Open |
| 3 | Aster | $1.39B | 9.3% | Open |
| 4 | Lighter | $697.2M | 4.7% | Open |
| 5 | Grvt | $413.2M | 2.8% | Open |
| 6 | GMX | $246.3M | 1.7% | Open |
| 7 | edgeX | $128.3M | 0.9% | Open |
| 8 | Ondo Perps | $106.2M | 0.7% | Open |
| 9 | ApeX Omni | $71.3M | 0.5% | Open |
| 10 | Paradex | $67.9M | 0.5% | Open |
| 11 | Pacifica | $54.7M | 0.4% | Open |
| 12 | Avantis | $48.0M | 0.3% | Open |
| 13 | Jupiter Perps | $43.8M | 0.3% | Open |
| 14 | dYdX | $37.3M | 0.3% | Open |
| 15 | Ostium | $7.6M | 0.1% | Open |
| 16 | Reya | $2.5M | 0.0% | Open |
| 17 | Gains Network | $1.5M | 0.0% | Open |
How this is measured
- Metric: open interest, latest day (latest daily value). Source: DefiLlama open interest API (api.llama.fi/summary/open-interest/<slug>), daily.
- Share is each venue's part of the total across the 17 perp DEXes DexSheet tracks, not of the whole market. Venues with no reliable public figure are left out; the methodology lists exclusions and why.
- Refreshed daily. Round trip fees and US availability come from each venue's DexSheet sheet, checked against the venue's own docs and terms.
Cite this data
DexSheet (2026). Perp DEX open interest: market share by venue. https://dexsheet.com/data/perp-dex-open-interest/ (data as of 2026-10-31).
Free to reuse with attribution (CC BY 4.0). Machine-readable: JSON, CSV, all venue fees.
More DexSheet data
- Perp DEX trading volume — Hyperliquid leads with 57.9%
- Perp DEX fees — Hyperliquid leads with 73.3%
- Trading terminal and Telegram bot fees — Axiom leads with 45.2%
- Memecoin launchpad fees — pump.fun leads with 89.1%
- DEX trading volume — Uniswap leads with 49.8%
- DEX aggregator volume — Jupiter leads with 51.0%
- Wallet swap fees — Phantom leads with 40.7%