Top 5 Perp DEX by dominance (7D)
@HyperliquidX — 33.2% (−5.2%)
@variational_io — 13.5% (+21.4%)
@Lighter_xyz — 9.9% (+11.1%)
@Aster_DEX — 7.5% (−24.6%)
@edgeX_exchange — 4.1% (−39.8%)
Variational was #
5# on our leaderboard. Now it’s #
2#.
The only venue in this week’s top five with growing volume, plus a 17% increase in OI.
This looks more like pre-TGE activity driven by points, with traders simply making use of the incentives already available.
Let’s see how much of that activity remains after TGE.
Elsewhere, Hyperliquid, Lighter and Aster traded less, but OI held up. edgeX had a tougher week: volume −49%, OI −63%.
And
@RobinhoodApp just announced US perps through Bitstamp. Another competitor with an existing user base.