Perp DEX trading volume by venue
Trading volume, trailing 24 hours, as of Oct 31, 2026: Hyperliquid 57.9%, then Lighter 10.9% of the 12 perp DEXes DexSheet tracks (source CoinGecko, updated daily). Hyperliquid code DEXSHEET (4% off fees). Hyperliquid: $9.56B of $16.5B tracked.
Data as of 2026-10-31 · updated daily · CSV · JSON · CC BY 4.0Hyperliquid led the 12 perp DEXes DexSheet tracks by trading volume in the 24 hours to 2026-10-31, with $9.56B (57.9% of the tracked total of $16.5B), ahead of Lighter at $1.80B (10.9%).
Trading volume, trailing 24 hours, as of 2026-10-31. Share = part of the total across the venues listed.
| # | Venue | Volume | Share | |
|---|---|---|---|---|
| 1 | Hyperliquid | $9.56B | 57.9% | Open |
| 2 | Lighter | $1.80B | 10.9% | Open |
| 3 | Aster | $1.59B | 9.6% | Open |
| 4 | GMX | $758.6M | 4.6% | Open |
| 5 | Pacifica | $732.4M | 4.4% | Open |
| 6 | edgeX | $522.1M | 3.2% | Open |
| 7 | Extended | $499.3M | 3.0% | Open |
| 8 | Grvt | $413.2M | 2.5% | Open |
| 9 | ApeX Omni | $328.0M | 2.0% | Open |
| 10 | Ondo Perps | $228.1M | 1.4% | Open |
| 11 | dYdX | $76.0M | 0.5% | Open |
| 12 | Paradex | $6.7M | 0.0% | Open |
How this is measured
- Metric: trading volume, trailing 24 hours. Source: CoinGecko derivatives exchanges API (24h volume in BTC, converted at the CoinGecko BTC price), snapshotted daily by DexSheet.
- Share is each venue's part of the total across the 12 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 trading volume: market share by venue. https://dexsheet.com/data/perp-dex-volume/ (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 open interest — Hyperliquid leads with 50.9%
- 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%