Perp DEX volume share, live 24h notional ranked
24h rolling perpetual futures notional volume in USD across the major decentralized venues, Ondo Perps included. Higher means more flow. Read live from each venue's public API.
TL;DR. As of , trade.xyz leads 24h perp volume at $7.10B (24h) across 23 ranked venues. Source: OpenChainBench, https://openchainbench.com/benchmarks/perp-volume-share.
This benchmark ranks the major onchain perp venues by 24 hour rolling notional volume, in USD. Volume is the cleanest single-number proxy for where perpetual futures flow actually lives today. We poll each venue's public API every 5 minutes, read the venue's own trailing 24 hour taker notional in USD, and publish a single gauge per venue. The cohort covers 24 venues with live data today, among them Hyperliquid, GMX V2, Gains, Aster, Lighter, GRVT, Extended, Pacifica, Nado, dYdX v4, Aevo, Paradex, Polymarket, Orderly, Backpack and Ondo Perps. Headline number is the 24h average of the live 24h gauge so a single noisy print does not move the ranking. The companion benches price the cost side (perp-fees for opening, perp-funding for holding); this one prices flow.
Methodology
The bench polls every venue in the cohort every 5 minutes for the trailing 24 hour taker notional and exposes a USD gauge per venue. Sources: Hyperliquid info dayNtlVlm (per-asset day notional summed in USD), GMX V2 stats API (hourly buckets summed across Arbitrum and Avalanche), Gains backend volume-mix API (auto + direct notional, DefiLlama perimeter), Aster fapi 24h ticker per instrument, Lighter public stats endpoint, GRVT public markets, Extended API, Pacifica onchain reads, Nado archive, dYdX v4 indexer perpetualMarkets, Aevo public markets, Paradex markets summary. Each value carries a freshness timestamp and a health gauge so a stale or errored venue does not poison the leaderboard. Higher is better.
- Cadence: every 5 minutes per venue in parallel, 10 second timeout per request.
- Hyperliquid: info dayNtlVlm summed across all assets, published as the trailing 24 hour taker notional in USD.
- GMX V2: stats.gmx.io hourly-volume API (groupPeriod=3600) for Arbitrum and Avalanche; last 24 hourly buckets summed for the rolling 24h notional in USD.
- Gains: Gains backend volume-mix API (backend-global.gains.trade), auto + direct notional per UTC day (opens and closes at full notional, resizes at traded delta, the same perimeter as DefiLlama and bench 266) over Arbitrum, Base, Polygon and MegaETH; rolling 24h = today so far plus the remaining share of yesterday.
- Nova: the same read against Nova's own backend (backend-global.nova.markets). Nova runs the same gTrade software as Gains on Arbitrum, so the two rows are the same measurement on two separate books. Nova appears on no DefiLlama page (checked across all 8795 protocols on 2026-10-22), so its own backend is the only source and there is no second opinion to cross-check it against.
- Aster: fapi 24h ticker per instrument, quoteVolume summed across all USDT perps.
- Lighter: public stats endpoint, 24h volume per market summed across markets in USD.
- GRVT: public markets endpoint, 24h volume per instrument summed in USD.
- Extended: public markets API, 24h volume per instrument summed in USD.
- Pacifica: onchain reads on the Solana program state for trailing 24h taker notional.
- Nado (the Vertex team's venue on Ink, published as Vertex until 2026-09-22): archive market_snapshots, cumulative volume per product diffed 24h apart and summed.
- Kalshi: margin/markets volume_24h_notional_value_dollars summed. Vest: /v2/ticker/24hr quoteVolume summed. StandX: summary.volume_quote_24h. ApeX Omni: turnover24h per live contract. Jupiter Perps: market-stats volume for SOL, ETH, WBTC. Lighter RH: exchangeStats daily_quote_token_volume. trade.xyz: dayNtlVlm of the xyz dex universe.
- dYdX v4: indexer perpetualMarkets, volume24H summed across markets in USD.
- Aevo: public markets endpoint, 24h volume per instrument summed in USD.
- Paradex: markets summary on Starknet L2, 24h volume summed across perps.
- Orderly: public volume/stats endpoint at api-evm.orderly.org; perp_volume_last_1_day gives rolling 24h USD notional across all EVM chains.
- Backpack: public tickers endpoint at api.backpack.exchange; quoteVolume summed across all *_PERP symbols in USDC.
- Headline. avg_over_time of the 24 hour volume gauge over the last 24 hours, so a one-print spike does not move the ranking. The Series tab plots the raw gauge.
- Failures. A venue that errors or times out keeps its last gauge value and its perp_venue_health gauge drops toward 0; the leaderboard tags it as stale.
Results: 24 venues measured, 23 ranked by 24h perp volume (24h)
| № | Venues | p50 | Success | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | trade.xyzHyperliquid HIP-3 xyz dex, equities, metals, FX and index perps | $7.10B | 79.92% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2 | HyperliquidHyperBFT L1 perp DEX | $6.58B | 99.95% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3 | Lighterzk-rollup, zero taker fee | $2.56B | 99.93% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4 | KalshiCFTC-regulated US exchange, 25 perps on crypto and metals, 8 h funding | $1.85B | 80.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5 | AsterBNB Chain perps DEX, Binance-compatible API | $1.37B | 100.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6 | PacificaSolana-native onchain perps | $992.23M | 83.33% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7 | Lighter RHLighter Robinhood deployment, separate books on api.rh.lighter.xyz | $669.49M | 80.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 8 | Ondo PerpsSGX off-chain matching, custody on Ethereum and Arbitrum, stocks and commodities perps | $482.50M | 80.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9 | GRVTHybrid CEX/DEX perps on ZK Stack | $478.76M | 83.33% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 10 | ExtendedStarkEx-based perps venue | $476.24M | 99.76% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11 | Jupiter PerpsSolana, JLP pool as counterparty, SOL, ETH, WBTC | $259.07M | 80.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12 | ApeX OmniOmnichain orderbook perps, crypto and US stock contracts | $223.76M | 80.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 13 | NadoInk orderbook DEX by the Vertex team (the row read as Vertex until 2026-09-22) | $184.27M | 83.33% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 14 | PolymarketPolygon perps by Polymarket, launched 2026-07, public info API | $134.09M | 80.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 15 | BackpackHybrid self-custody orderbook on Solana | $105.76M | 50.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 16 | Vestzk perp exchange, crypto plus US equities, indices and FX perps | $97.31M | 74.97% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 17 | GMX V2GLP/GM AMM perps on Arbitrum and Avalanche | $63.03M | 59.99% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18 | dYdX v4Cosmos appchain orderbook perps | $57.74M | 100.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 19 | GainsSynthetic leveraged trading on Arbitrum and Polygon | $11.97M | 100.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 20 | ParadexStarknet L2 perps | $7.13M | 100.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 21 | AevoOptimism L2 orderbook perps, options-focused history | $2.46M | 80.42% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 22 | NovaThe same gTrade software as Gains, on Arbitrum, with its own book | $895.6K | 100.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 23 | StandXDUSD-margined perps on BNB Chain, 13 markets incl. gold, silver, oil | $42.5K | 80.00% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Measured, not ranked: sample below the ranking floor | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| not ranked | OrderlyCross-chain CLOB on Arbitrum, Base, Optimism | $74.82M | 49.97% (n=2880) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Frequently asked
What does this benchmark measure?
The trailing 24 hour taker notional volume of every perp DEX venue in the cohort, in USD. Headline is the 24h average of the live 24h gauge so single prints do not skew the ranking.
Why 24h rolling instead of daily snapshots?
Every venue in the cohort publishes a live rolling 24 hour window on its own public API, so a rolling comparison sidesteps timezone bucketing and the noise of a single calendar day. The 24h average smooths intraday micro-spikes without hiding regime shifts within the window.
Which venues are in the cohort?
Hyperliquid, GMX V2, Gains, Aster, Lighter, GRVT, Extended, Pacifica, Nado, dYdX v4, Aevo, Paradex, Polymarket, Orderly, Backpack, Ondo Perps, Vest, StandX, ApeX Omni, Jupiter Perps, Lighter RH and trade.xyz, plus Kalshi as the regulated US venue: 24 venues whose public APIs expose 24h taker notional cleanly enough to compare without backfilling. Other venues join as their endpoints document the same series.
Is this the same as DeFiLlama volume?
Methodology is similar in spirit but each venue is queried directly here, not via an aggregator. Numbers should sit close to DeFiLlama on most days, divergences usually mean a downstream feed lagged.
Source code github.com/ChainBench/OpenChainBench/tree/main/harnesses/perp-cohort-stats