Volume, latest day
USDPerpetual DEX volume across the venues shown on the latest complete UTC day.
Dashboard · VantagePlanned
Perp DEX Volume and Market Share by Venue
Which perpetual DEXs handle the most trading volume, and how is market share shifting?
Daily and monthly trading volume and open interest on perpetual DEXs, venue by venue, with each venue's share and how it shifts.
ShareEmail it
Blueprint
What the dashboard will show.
The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.
Today
Each venue's volume, open interest and share on the latest day.
Volume, 30 days
USDPerpetual DEX volume over the last thirty days, the sum of each venue's daily figures.
Open interest
USDOpen interest across the venues shown at the latest day end, one side per position.
Largest venue's share
%The share of the latest day's volume taken by the largest venue, with its name.
Venues
Each venue with its daily and 30-day volume, share, open interest, chains and whether its figures are on-chain or venue-reported.
Trends
Monthly volume by venue and how market share moved.
Volume, month on month
%The change in total perpetual DEX volume in the last complete month against the month before.
On-chain share of volume
%The share of the period's volume read from chain fills and events rather than venue reports.
Share of volume, 30 days
%Each venue's share of perpetual DEX volume over the last thirty days.
Monthly volume by venue
USDVolume in each month, stacked by venue, with venue-reported figures marked.
Market share by day
%Each venue's share of daily volume over the period.
- Source
- All venues, or on-chain venues only
- Period
- Last 30 or 90 days, or the last 12 months
About
What it answers, and for whom.
Perpetual DEXs let traders hold leveraged long or short positions with no expiry, settled on a public chain or on a venue's own rollup. This dashboard compares them on trading volume and open interest, day by day and month by month, and shows each venue's share of the total, so a shift in where traders go shows up as it happens.
Venues settle in different ways, and the dashboard says which is which. Volume read from a chain's own fills or events, as on Hyperliquid, GMX and gTrade, is marked on-chain; volume a venue matches off-chain and publishes itself is recorded with its source and marked venue-reported. Shares can be shown for all venues or for on-chain venues only.
Method
How it will be measured.
Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.
How receipts work →- Hyperliquid volume is the notional of HyperCore fills summed per UTC day, counting each trade once rather than once per side.
- GMX v2 volume comes from PositionIncrease and PositionDecrease entries in its EventEmitter logs on Arbitrum and Avalanche, and gTrade volume from its trade open and close events on Arbitrum, Base and Polygon.
- Aster's on-chain trading contract events on BNB Chain are read directly; venues that match orders off-chain or on their own rollup, such as Lighter, Aster's order book and edgeX, are taken from their published daily figures and marked venue-reported.
- Market share is a venue's volume over the total of the venues shown on the same day; a venue with no figure for a day is shown as missing, never as zero.
- Open interest is the notional of open positions at day end; on order-book venues every long has a matching short, so it is counted on one side.
The data it needs
Chain data, with some off-chain sources
- perps_markets_dailyTo buildOn-chain perpetualsVolume, open interest, funding rates and fees per market on on-chain perpetual exchanges, per day.
- HyperCore fills notional aggregated per UTC day
- GMX v2 EventEmitter EventLog1 and EventLog2 logs (PositionIncrease, PositionDecrease) on Arbitrum and Avalanche
- gTrade trade open and close events on Arbitrum, Base and Polygon
- Aster on-chain trading contract events on BNB Chain
- Venue-published daily volume and open interest for off-chain matched venues such as Lighter, Aster's order book and edgeX, recorded with their source (off-chain)
Questions
Questions people ask.
What is a perp DEX?
A decentralized exchange for perpetual futures: contracts that track an asset's price with no expiry, kept close to spot by funding payments between longs and shorts. Margin and positions are held by the venue's contracts or its own chain rather than by a company.
How is perp DEX market share measured?
As each venue's share of trading volume across the venues shown, on the same day or month. Open interest share sits beside it, because volume can be driven by incentives while open interest shows how much stays open.
Why are some figures marked venue-reported?
Some venues match orders off-chain or on their own rollup and publish their totals. Those totals cannot yet be re-derived from public chain data in the same way, so they carry their source and stay apart from on-chain figures.
Why can perp DEX volume swing so much?
Points programs, token incentives and fee rebates attract high-frequency volume that moves between venues, and liquidation cascades add forced trading. Comparing volume with open interest helps separate positions that stay open from volume that turns over quickly.
Are centralized exchanges included?
No. The dashboard covers perpetual DEXs only. Centralized exchange derivatives are matched inside private systems and cannot be read on-chain.
- Perpetual future
- A futures contract with no expiry whose price is tied to the underlying asset through periodic funding payments.
- Notional volume
- The full size of each trade in USD, not the margin posted for it.
- Venue-reported
- A figure a venue publishes about itself that cannot yet be re-derived from public chain data; shown with its source.
Related
More apps like this.
Hyperliquid Open Interest and Funding Rates
Open interest, hourly funding and day volume for every Hyperliquid perp market, read from HyperCore state and pinned to its L1 block.
HyperliquidHyperliquid HIP-3 Markets: Equity and RWA Perps
Every builder-deployed HIP-3 market on Hyperliquid with its open interest, volume, funding and the HYPE its deployer has staked.
HyperliquidDEX Volume by Chain and Protocol
Daily and monthly spot DEX volume on each chain and each exchange, decoded from swap events and valued at oracle prices.
Multi-chainEthereumSolana+3Bitcoin Open Interest and Funding Rates by Venue
BTC and ETH perpetual open interest and funding across on-chain perp exchanges and centralized venues, each labelled by its source.
Multi-chainHyperliquidArbitrum+1DeFi Monthly Report: TVL, DEX Volume, Lending and Perps
A dated monthly account of DeFi: value locked by chain, spot and perp DEX volume, lending and liquidations, yields and buybacks.
Multi-chainDeFi TVL by Chain: Total Value Locked Rankings
DeFi value locked on each chain, counted once at oracle prices, with the chain ranking, Ethereum's share and the protocols behind it.
Multi-chainEthereumSolana+3Build Perp DEX Volume and Market Share by Venue on verified data.
Start free in Voltfin Studio: boards, tables and reports where every number opens its receipt. Tell us which data you need first and we will build it next.