Perpetual Decentralized Exchange (Perp DEX) is a blockchain-based non-custodial trading platform that allows users to trade perpetual futures contracts. Below is a list of the top 15 perpetual DEXES that performed well in terms of weekly trading volume. Hyperliquid Exchange leads all perpetual decentralized exchanges with 314,000 active addresses in the past 30 days and has successfully acquired $4.2 billion in total volume locks (TVL) with $35.4 billion in volume over the past 7 days.
Top Permanent Decks by Weekly Trading Volume #Hyperliquid #Lighter #Aster #edgeX #ApeX #Grvt #variational #tradeXYZ #Extended #StandX #Pacifica #Reya #Paradex #Nado #$MYX pic.twitter.com/boafRB9QOD
— Phoenix – Crypto News and Analysis (@pnxgrp) February 27, 2026
Lighter was runner-up in this race with 248.1K active addresses and also saw strong revenue growth, with TVL of $873 million and approximately $17 billion. Next is Aster, which has shown very high growth in TVL of about $1 billion and generated $16.4 billion in revenue on a volume basis in the last 7D. Phoenix Group revealed this news through its official social media X account.
EdgeX secures 4th place with $15.6 billion in revenue and 134,000 active users
EdgeX ranks fourth with 13.4K active addresses, $156 billion in revenue and $182.4 million TVL as of February 27, 2026. It is followed by ApeX with $8.3 billion in revenue and $38.4 million TVL. ApeX also has 1.4K active addresses. Additionally, the Grvt exchange has 151 active addresses with $7.6 billion in revenue and $95.3 million in TVL.
Variational Exchange and tradeXYZ Exchange have revenues of $7.2 billion and $6.3 billion, respectively. Additionally, Extended Exchange has a TVL of $207.8 million and generates revenue of $5.3 billion. StandX ranks 10th in the specific Top Persistent Dex and was able to generate $3.9 billion in revenue and $70.9 million in TVL. Furthermore, Pacifica generated revenue of $3.6 billion in 2026 with a TVL of $36.2 million.
i swim and $MYX Close the list with billions of dollars in revenue
Reya Perpetual Exchange took the 12th place in the list of Top Perpetual Dexes that performed well in 2026 in three aspects: Active Addresses, TVL, and Revenue. Reya is listed with a TVL of $36.2 million and has managed to generate $2.7 billion in revenue. Additionally, Paradex Perpetual Exchange was able to earn $2.5 billion in revenue during 2026 with a TVL of $153.2 million.
The Nado Perpetual exchange earned the penultimate position on the list designated with a TVL of $53 million, easily generating revenue of $2.4 billion. of $MYXis a permanently decentralized exchange and remains in the last position of the specified list. $MYX received the lowest value generating $2.3 billion in revenue with a TVL of $21 million. One thing has remained the same over the past nine exchanges. That is, no active address is specified.