As per Blockbeats, on November 11, 2025, data from Defilama shows that Lighter has overtaken Aster as the leading perpetual decentralized exchange (Perp DEX) with a 24-hour trading volume of approximately $10.69 billion. Aster's 24-hour trading volume dropped sharply by nearly half, falling from $119.4 billion to $57 billion. Other notable Perp DEXs include Hyperliquid with $8.71 billion in 24-hour volume and EdgeX with $5.82 billion.
Lighter Surpasses Aster as Top Perp DEX with $10.69B 24-Hour Volume
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