- Mainstream Perp DEX volumes remain low as Lighter leads.
- EdgeX overtakes Hyperliquid in trading volume.
- On-chain liquidity shows no signs of recovery.
BlockBeats News reports sluggish trading volumes on mainstream Perp DEXes as EdgeX surpasses Hyperliquid, attaining second place in 24-hour volume rankings on December 26.
The persistent low trading volumes indicate challenges in on-chain liquidity recovery, suggesting wider implications for protocol-driven activities rather than sustained liquidity across decentralized exchanges.
Lighter Dominates with $47.5 Billion 24-Hour Volume
EdgeX surpassed Hyperliquid in Perp DEX trading volumes, landing second with $27.7 billion in the last 24 hours. EdgeX, backed by Amber Group, provides market-making expertise. Lighter leads with an impressive $47.5 billion trading volume. Both platforms exemplify heavy movement despite overall sluggish activity.
On-chain liquidity remains unimproved post-slump, holding negative implications for market stability. A community member accurately surmised, “The lingering volume challenge prompts discussions on liquidity incentives — a critical concern surfacing amidst heightened platform rivalry where fee structures notably benefit large retail players.”
Community reactions focus on incentive-driven volume strategies. The absence of regulatory statements or reactions from key industry figures emphasizes protocol-specific impacts over broad market shifts. The surge in volumes highlighted by EdgeX reflects strategic rebounding efforts as platforms calculate trading advantages.
Bitcoin and Market Dynamics Amid DEX Volume Slump
Did you know? Lighter, launched in October 2025, rapidly garnered a $70-80 billion daily trading volume within weeks, demonstrating aggressive growth strategies and competitive impact.
Bitcoin is currently priced at $87,550.26 with a market cap of approximately 1.75 trillion and a market dominance of 59.22%. The 24-hour trading volume stands at $43.29 billion, reflecting a 134.16% increase, per CoinMarketCap data. Bitcoin has seen a 0.21% price decrease over the past 24 hours.
According to the Coincu research team, sustained low volumes could indicate a trend towards less durable liquidity on Perp DEX platforms. Historical trends show consistent protocol growth and evolving competitive landscapes. Market analysts anticipate strategic adjustments to address liquidity fluctuations, leveraging technology to attract and retain user engagement.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- China, US Conclude Trade Talks with Focus on Cooperation
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- China, US Conclude Trade Talks with Focus on Cooperation
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- China, US Conclude Trade Talks with Focus on Cooperation
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
Latest
Cryptocurrency Market Faces 2025 Challenges Amid Hack Incidents
Press Release
Phemex Upgrades RPI Ecosystem, Setting New Liquidity Benchmarks Across 210+ Pairs
IO DeFi Launches a New Mobile App, Allowing Users to Participate in Passive Income From BTC and XRP for Free
