Perp DEX volume share, live 24h notional ranked
TradingAevo
Trails$3.09M
- p99
- $6.72M
- rank
- #21
- samples
- 2,880
Lighter
Leads$2.99B
- p99
- $3.48B
- rank
- #3
- samples
- 2,880
24h perp volume
Aevon/aLightern/a
Aevo vs Lighter
Aevo leads on 3 of 5 shared benchmarks, Lighter on 2. Aevo wins on Most tradable markets on a perp DEX, live count per venue (238 vs 214), Perp DEX capital efficiency (16 vs 0.274), Perp DEX volume to open interest (0.151x vs 5.82x). Lighter wins on Perp DEX volume share, live 24h notional ranked ($2.99B vs $3.09M), Perp DEX daily volume 2026 ($2.36B vs $6.87M). Data as of 2026-11-07 UTC.
Aevo
OP Stack perp DEX with deep options support, event-driven flow.
Lighter
Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.
Daily perp volume, head to head
Perpetual notional per closed UTC day, the DeFiLlama day buckets, read from each venue's own data. Ribbon under the bars marks which venue printed more that day.
7d lead
Lighter
$25.7M vs $15.27B
30d lead
Lighter
$103M vs $68.86B
Days led, last 30
0 / 30
Aevo / Lighter
Current streak
90 days
Lighter since Aug 8, 2026
AevoLighter
UTC days, one side per trade
Aevo volume ÷ Lighter volume, week by week
The ratio of the two venues' seven-day perp volume, in percent; a window is shown only when both sides have every day closed. 100% is parity. The dashed line is the median of the weeks shown; the last window is the 7d tile above.
0.2% · week to 5 Nov · median 0.3%
Aevo ÷ Lighter, seven-day windows ending on the last closed day
30 Oct to 5 Nov
| Aevo ÷ Lighter | 0.2% |
| vs median | -0.1pt |
| = Aevo volume | $25.7M |
| ÷ Lighter volume | $15.27B |
| Window | Aevo | Lighter | Aevo / Lighter |
|---|---|---|---|
| Last closed day (Nov 5, 2026) | $6.9M | $2.36B | 0% |
| Last 7 days | $25.7M | $15.27B | 0% |
| Last 30 days | $103M | $68.86B | 0% |
Sources: Aevo, Aevo /statistics PERPETUAL daily_volume per UTC day. Lighter, Lighter 1d candles quote volume summed over perp markets (market_id < 2048), zkLighter mainnet + Robinhood chain deployment. Days where either venue has not closed are left blank rather than counted as zero. Last closed day common to both: Nov 5, 2026. Methodology and every venue on bench 266.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingAevo
Leads238
- p99
- 238
- rank
- #3
- samples
- 2,880
Lighter
Trails214
- p99
- 215
- rank
- #4
- samples
- 2,880
Active markets
Aevon/aLightern/a
Perp DEX capital efficiency: active markets per $M TVL, live
TradingAevo
Leads16
- p99
- 16
- rank
- #3
- samples
- 2,880
Lighter
Trails0.274
- p99
- 0.275
- rank
- #10
- samples
- 2,880
Markets per $M TVL
Aevon/aLightern/a
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-volume-share for the liquidity angle.
Perp DEX daily volume 2026: Hyperliquid, Aster, Lighter, GMX, Gains, dYdX by UTC day, backfilled
Trading| Provider | Daily perp volume | Volume 30d | Share 30d |
|---|---|---|---|
| Aevo | $6.87M | $103.38M | 0.026% |
| Lighter | $2.36B | $68.86B | 17.4% |
View
Aevon/aLightern/a
Volume is self-reported by each venue's public data surface and counted per UTC day, one side of each trade. Perimeters differ slightly per venue and are stated in the ledger notes. A closed day can be restated by a venue for one to two days; the harness re-reads the last three days every hour. Not a measure of organic flow: incentive programs and wash trading inflate notional on every venue.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingAevo
Leads0.151x
- p99
- 0.329x
- rank
- #2
- samples
- 2,880
Lighter
Trails5.82x
- p99
- 6.76x
- rank
- #17
- samples
- 2,880
Volume / OI (24h)
Aevon/aLightern/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Frequently asked questions
Aevo vs Lighter: which one is better?
Aevo and Lighter are compared on 5 shared OpenChainBench benchmarks. Aevo leads on Most tradable markets on a perp DEX, live count per venue. Lighter leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the higher active markets, Aevo or Lighter?
On the Most tradable markets on a perp DEX, live count per venue benchmark, Aevo leads at 238 versus Lighter at 214. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, Aevo or Lighter?
On the Perp DEX volume share, live 24h notional ranked benchmark, Lighter leads at $2.99B versus Aevo at $3.09M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Aevo vs Lighter comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.