Perp DEX volume share, live 24h notional ranked
TradingLighter RH
Trails$541.63M
- p99
- $561.16M
- rank
- #8
- samples
- 2,445
trade.xyz
Leads$2.60B
- p99
- $2.74B
- rank
- #2
- samples
- 2,445
24h perp volume
Lighter RHn/atrade.xyzn/a
Lighter RH vs trade.xyz
trade.xyz leads on all 3 live benchmarks. trade.xyz wins on Perp DEX volume share, live 24h notional ranked ($2.60B vs $541.63M), Most tradable markets on a perp DEX, live count per venue (108 vs 57), Perp DEX asset breadth (108 vs 43).
trade.xyz
trade.xyz operates the largest HIP-3 builder-deployed dex on Hyperliquid: 70+ tokenized US equity, index, and commodity perp markets under the xyz namespace, collecting a deployer fee on every fill.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingLighter RH
Trails57
- p99
- 57
- rank
- #19
- samples
- 2,445
trade.xyz
Leads108
- p99
- 108
- rank
- #10
- samples
- 2,445
Active markets
Lighter RHn/atrade.xyzn/a
Perp DEX asset breadth: non-crypto markets live, forex + stocks + indices + commodities
TradingLighter RH
Trails43
- p99
- 43
- rank
- #9
- samples
- 2,445
trade.xyz
Leads108
- p99
- 108
- rank
- #5
- samples
- 2,445
Non-crypto markets
Lighter RHn/atrade.xyzn/a
Market count reflects the Mobula perp pairs catalog at query time. Only mainnet markets are counted (testnets excluded). Asset class tags (forex, stocks, indices, commodities) are assigned by Mobula's editorial taxonomy and updated when new pairs are listed. Venues not in the Mobula catalog (Hyperliquid, GMX, dYdX, Ostium, Vertex, Paradex, Aster) are monitored separately: their catalogs are crypto-only or verified crypto-only by native API.
Frequently asked questions
Lighter RH vs trade.xyz: which one is better?
Lighter RH and trade.xyz are compared on 3 shared OpenChainBench benchmarks. trade.xyz leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the higher 24h perp volume, Lighter RH or trade.xyz?
On the Perp DEX volume share, live 24h notional ranked benchmark, trade.xyz leads at $2.60B versus Lighter RH at $541.63M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Lighter RH vs trade.xyz 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.
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.