Just checked the latest perpetual DEX rankings and Hyperliquid is absolutely dominating right now. They're sitting at the top with 286.4M active addresses over the past month and locked in almost 5B in total value. Their 30-day volume hit 283.7B, which is insane compared to everyone else. TradeXYZ is the closest competitor but still way behind at 59B volume. The decentralized exchange space is getting more competitive though - Lighter Exchange is showing serious growth with 504.4M TVL and 55.4B in volume. DefiLlama just dropped this data publicly, so it's pretty fresh. What's interesting is how the middle tier is shaping up. edgeX, Aster, and Grvt all have solid numbers - Aster especially with 844.5M TVL and 74.5B volume. Then you've got ApeX Protocol and StandX pulling in 34B and 17B respectively. The smaller players like Avantis and Variational are still generating decent volume in the 6-21B range, which shows there's real demand across different decentralized exchange platforms. Lower on the list, Extended, Pacifica, and Ostium are all doing their thing with 12-11B in revenue each. Even Reya at the bottom is moving 11.5B volume with 30.4M locked. The whole perpetual DEX market is clearly heating up - lots of options now if you're looking to trade futures on-chain.