🏆 PerpDEX PowerPlay: Battle for On-Chain Dominance

Track trading volume, open interest, and funding dynamics across top perpetual DEXs: dYdX, GMX, Hyperliquid & more.

DEX of the Day 💥

Top performing exchange by volume growth in the last 24 hours - the current market leader

Hyperliquid

HYPE

Highest volume growth in 24h

+31.2%

Volume Growth

$1.2B

24h Volume

19.4%

Market Share

24h Volume Trend

📈 Trending upward

🏆 Hyperliquid dominates today's battlefield with explosive volume growth, capturing significant market share from competitors!

Updated every hour • Based on 24h volume change and market activity

🏅 Market Dominance Leaderboard

Real-time market share by 24h trading volume - who's winning the perp wars?

#1
dYdX
$2.4B volume
34.2%
+2.1%
#2
GMX
$1.8B volume
28.1%
-1.3%
#3
Hyperliquid
$1.2B volume
19.4%
+3.7%
#4
Vertex
$0.8B volume
12.3%
-0.8%

📊 dYdX maintains market leadership with 34.2% share, while Hyperliquid shows strongest growth at +3.7%

📈 Volume Wars: DEX Trading Surge

Daily trading activity across protocols – who's winning the attention game?

Stacked area chart showing volume dominance - watch the ebb and flow of DEX supremacy

📈 Daily Trading Volume: The Battle for Market Share
Stacked area chart showing daily trading volume dominance - watch the ebb and flow of DEX supremacy
dYdX
$2.4B
34.2% share
GMX
$1.8B
28.1% share
Hyperliquid
$1.2B
19.4% share
Vertex
$0.8B
12.3% share

💰 Traders' Conviction: OI Across DEXs

Tracks the amount of money locked in positions per DEX – a measure of trader confidence.

Higher open interest indicates stronger trader conviction and protocol trust

💰 Open Interest Evolution: Where Traders Commit Capital
Track open interest trends across DEXs - higher OI indicates stronger trader conviction and protocol trust
dYdX
$3.8B
+12.5%
GMX
$3.1B
+8.2%
Hyperliquid
$2.2B
+15.7%
Vertex
$1.4B
+6.1%

🔥 Funding Heatmap: Bull vs Bear Bias

Shows bullish/bearish market sentiment across DEXs via funding rates. Red = longs paying shorts.

Monitor funding rate patterns to identify market sentiment and arbitrage opportunities

🔥 Cost of Holding: Funding Rates by Protocol
Daily average funding rates - Red = Long pays Short, Blue = Short pays Long
Jun 15
Jun 16
Jun 17
Jun 18
Jun 19
Jun 20
Jun 21
Jun 22
Jun 23
Jun 24
Jun 25
Jun 26
Jun 27
Jun 28
dYdX
0.2
GMX
0.2
0.2
Hyperliquid
0.2
Vertex
0.1
0.2
Gains
0.2
Kwenta
0.2
-0.2
Shorts pay Longs
Low
High
Longs pay Shorts

🏅 Market Share Leaderboard

See which DEX is winning each day with percentage volume share and competitive positioning.

🏅 DEX Dominance: Share of Volume
Current market share by trading volume
dYdX
$2400M volume
34.2%
GMX
$1800M volume
28.1%
Hyperliquid
$1200M volume
19.4%
Vertex
$800M volume
12.3%
Others
$400M volume
6%
📈 Market Share Evolution
Weekly market share trends showing competitive dynamics
Volume Dominance

Track which DEX captures the most daily trading volume and identify momentum shifts in the perpetual trading landscape.

Open Interest Wars

Monitor where traders commit capital long-term through open interest, revealing true conviction and protocol trust.

Funding Intelligence

Analyze funding rate dynamics to understand market sentiment and discover cross-protocol arbitrage opportunities.

📊 Features

Volume Wars • Open Interest • Funding Heatmap • Market Share

🎯 Purpose

Real-time leaderboard of perpetual DEX dominance and volatility

⚡ Tech Stack

Next.js • Recharts • Live APIs • Real-time Updates

Built for traders, researchers, and DeFi enthusiasts • Real-time perpetual DEX analytics