Perpetual DEX Market Sees Decline in Trading Volume

On March 11, data from DefiLlama indicates a decline in overall trading volume in the on-chain Perpetual DEX market. According to BlockBeats, despite this decrease, the scale of open contracts remains high, suggesting that leveraged funds have not exited the market. Previously, trading volumes surged due to macroeconomic events, but the market is currently in a period of uncertainty, awaiting new developments. Specifically, the Hyperliquid platform experienced a 21% drop in trading volume compared to the previous day, with WTI crude oil contract volumes falling by 33%, now reporting $120 million. The current rankings for major Perpetual DEX trading volumes are as follows: Hyperliquid has a 24-hour trading volume of approximately $7.95 billion, a total value locked (TVL) of about $4.51 billion, and open contract volumes of around $6.09 billion. Aster reports a 24-hour trading volume of about $3.06 billion, a TVL of approximately $942 million, and open contract volumes of around $2.02 billion. EdgeX shows a 24-hour trading volume of about $2.67 billion, a TVL of approximately $178 million, and open contract volumes of around $1.07 billion. Lighter has a 24-hour trading volume of about $2.28 billion, a TVL of approximately $626 million, and open contract volumes of around $646 million. Grvt reports a 24-hour trading volume of about $1.51 billion, a TVL of approximately $104 million, and open contract volumes of around $490 million. Pacifica has a 24-hour trading volume of about $485 million, a TVL of approximately $36.18 million, and open contract volumes of around $66.24 million.