According to Mars Finance, on February 25th, data from DefiLlama showed that the total trading volume of most major Perp DEXs rebounded, while Aster experienced a significant drop in trading volume, falling to fourth place; Lighter is currently in second place. Hyperliquid remains firmly in first place, with a slight increase in open interest and relatively low trading volume fluctuations, maintaining its leading position. The current ranking of major Perp DEX trading volumes is as follows: Hyperliquid: 24-hour trading volume approximately $6.37 billion, TVL approximately $4.2 billion, open interest approximately $5.49 billion; Lighter: 24-hour trading volume approximately $3.13 billion, TVL approximately $920 million, open interest approximately $714 million; EdgeX: 24-hour trading volume approximately $2.39 billion, TVL approximately $183 million, open interest approximately $994 million; Aster: 24-hour trading volume approximately $2.34 billion, TVL approximately $1.06 billion, open interest approximately $1.79 billion; Variational: 24-hour trading volume approximately $1.21 billion, TVL approximately $107 million, open interest approximately $681 million; Pacifica: 24-hour trading volume approximately... $625 million, TVL approximately $36.3 million, and open interest approximately $59.66 million.