I've noticed that decentralized futures platforms are experiencing interesting activity these days. Although the market as a whole is going through a slowdown, Hyperliquid continues to attract a huge trading volume—about $5.18 billion in 24 hours, with open contracts exceeding $7.83 billion.



What caught my attention more is that TradeXYZ achieved significant growth over the past weekend, with approximately a 13% increase in position volume compared to Friday, even as most markets were experiencing declines. Its current volume reached $1.69 billion in daily trading and $2.1 billion in open contracts.

The current ranking of the main platforms is very clear: Hyperliquid holds the first place by a large margin, followed by TradeXYZ, then Aster with $1.45 billion in trading volume and $1.95 billion in open contracts. EdgeX, ApeX, and Pacifica occupy the next positions with relatively smaller volumes.

It seems that Hyperliquid and several of these decentralized platforms are attracting more traders even amid the overall market weakness. This indicates that there is genuine demand for decentralized futures regardless of market conditions.
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