Lighter has emerged as the leading platform in the mainstream perpetual DEX market, achieving a trading volume of $12 billion. In contrast, Hyperliquid has experienced a slight decline in its trading volume. The performance of these decentralized exchanges highlights the competitive landscape within the sector. Lighter’s significant trading volume indicates strong user engagement and market interest, positioning it favorably among its peers. Meanwhile, Hyperliquid’s decrease suggests potential challenges or shifts in user preferences that may need to be addressed. As the market evolves, the dynamics between these platforms will be crucial for understanding trends in decentralized trading.
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🟣 Bpaynews Analysis
This update on Mainstream Perpetual DEX Overview: Lighter Leads with $12 Billion Vol sits inside the Latest News narrative we have been tracking on November 13, 2025. Our editorial view is that the market will reward projects/sides that can show real user activity and liquidity depth, not only headlines.
For Google/News signals: this piece adds context on why it matters now, how it relates to recent on-chain moves, and what traders should watch in the next 24–72 hours (volume spikes, funding rates, listing/speculation, or regulatory remarks).
Editorial note: Bpaynews republishes and rewrites global crypto/fintech headlines, but every post carries an added value paragraph so it isn’t a 1:1 copy of the source.
