According to Cas Abbé, HYPE reclaimed the #1 spot in perpetual DEX 24h volume at $6.184B, with Lighter close behind at $5.809B (source: Cas Abbé on X). According to Cas Abbé, sub-second latency is now achievable on these venues (source: Cas Abbé on X). According to Cas Abbé, rising institutional interest is accelerating the closure of the gap between CEXs and DEXs (source: Cas Abbé on X).

According to @Sarahssscy, BNB Chain strengthened stablecoin growth and activity in 2025, maintaining a top industry position and signaling robust on-chain liquidity rails relevant to traders (source: @Sarahssscy on X, Dec 9, 2025). The post states institutional real-world asset (RWA) adoption accelerated across the ecosystem, broadening tokenized asset issuance on BNB Chain for trading and settlement (source: @Sarahssscy on X, Dec 9, 2025). It also reports multiple high-quality projects launched and issued assets on BNB Chain, contributing to chain-wide trading volume and DAU reaching No.1 (source: @Sarahssscy on X, Dec 9, 2025). Perp DEX volume saw explosive growth with teams such as Aster, while prediction marketplaces are expanding rapidly, underscoring derivatives and prediction-market activity for BNB-based traders (source: @Sarahssscy on X, Dec 9, 2025).

According to the source, Aster recorded $10.6B in 24-hour perpetual DEX trading volume, followed by Lighter at $10.1B and Hyperliquid at $8B, ranking them first, second, and third for the referenced window, source: X post dated Oct 21, 2025. The source specifies a 24-hour period and presents a venue-level leaderboard for perp DEX volumes, source: X post dated Oct 21, 2025. The source post does not provide asset-level breakdowns or methodology, indicating these are headline venue totals for that day, source: X post dated Oct 21, 2025.

According to the source, Aster leads perpetual DEXs by 24-hour trading volume at $42.88B, followed by Lighter at $5.75B and Hyperliquid at $4.61B; the ranking highlights current liquidity concentration across on-chain derivatives venues. Source: the provided X post.