Lighter Leads Perp DEX Volume Despite Lower Open Interest

Lighter, a crypto platform for perpetual futures, has seen a big jump in daily trading, beating Aster and Hyperliquid over the past three days. On October 26, it handled $8.6 billion in trades, though the total value of open positions was $1.7 billion, still below its competitors.

According to data from Artemis, perpetual trading picked up sharply in late September, briefly climbing above $125 billion, mostly fueled by strong activity from the ApeX and Aster platforms. However, after early October, daily totals eased to $25–50 billion, stabilizing trading activity.

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