Perp DEX volume share, live 24h notional ranked
TradingLighter
Leads$1.97B
- p99
- $2.22B
- rank
- #3
- samples
- 2,880
Pacifica
Trails$1.02B
- p99
- $1.11B
- rank
- #4
- samples
- 2,880
24h perp volume
Lightern/aPacifican/a
Lighter vs Pacifica
Lighter leads on 2 of 3 shared benchmarks, Pacifica on 1. Lighter wins on Perp DEX volume share, live 24h notional ranked ($1.97B vs $1.02B), Most tradable markets on a perp DEX, live count per venue (214 vs 78). Pacifica wins on Perp DEX capital efficiency (3 vs 0.290).
Lighter
Onchain perp DEX with a fully onchain orderbook on a zkSync rollup. ZK proofs verify matching, no off-chain sequencer for trade execution.
Pacifica
Solana perp DEX optimized for high-frequency trading, oracle-anchored funding.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingLighter
Leads214
- p99
- 214
- rank
- #6
- samples
- 2,880
Pacifica
Trails78
- p99
- 78
- rank
- #12
- samples
- 2,880
Active markets
Lightern/aPacifican/a
Perp DEX capital efficiency: active markets per $M TVL, live
TradingLighter
Trails0.290
- p99
- 0.291
- rank
- #11
- samples
- 2,880
Pacifica
Leads3
- p99
- 3
- rank
- #6
- samples
- 2,880
Markets per $M TVL
Lightern/aPacifican/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 price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live
Trading| Provider | Fees 30d | Revenue 30d | Open interest | Fees / OI |
|---|---|---|---|---|
| Lighter | $5.31M | $4.57M | $620.54M | 0.104x |
| Pacifica | $3.57M | $3.53M | $58.40M | 0.743x |
View
Lightern/aPacifican/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Frequently asked questions
Lighter vs Pacifica: which one is better?
Lighter and Pacifica are compared on 4 shared OpenChainBench benchmarks. Lighter leads on Perp DEX volume share, live 24h notional ranked. Pacifica leads on Perp DEX capital efficiency. See the live table on this page for every metric.
Which has the higher 24h perp volume, Lighter or Pacifica?
On the Perp DEX volume share, live 24h notional ranked benchmark, Lighter leads at $1.97B versus Pacifica at $1.02B. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher markets per $m tvl, Lighter or Pacifica?
On the Perp DEX capital efficiency benchmark, Pacifica leads at 3 versus Lighter at 0.290. Live measurement is updated continuously by the OpenChainBench harness.
How is the Lighter vs Pacifica 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.