Perpetual Decentralized Exchange (Perp DEX), blockchain-based non-custodial trading platform that permits users to trade perpetual futures contracts. Here is a list of the Top 15 Perpetual DEXES that performed well in a weekly trading volume perspective. Hyperliquid exchange is leading all the perpetual decentralized exchanges with 314.0K active addresses over the past 30 days and has successfully got $4.2B of Total Volume Locked (TVL) with $35.4B volume of the last 7 days.
TOP PERPETUAL DEXES BY WEEKLY TRADING VOLUME#Hyperliquid #Lighter #Aster #edgeX #ApeX #Grvt #Variational #tradeXYZ #Extended #StandX #Pacifica #Reya #Paradex #Nado #$MYX pic.twitter.com/boafRB9QOD
— PHOENIX – Crypto News & Analytics (@pnxgrp) February 27, 2026
Lighter is the runner-up in this race with 248.1K active addresses and also shows considerable growth in revenue, which is about $17.0B, with a TVL of $873.0M. The next one is Aster, which shows very good growth in TVL of about $1.0B, and has $16.4B revenue generation by volume in the last 7D. Phoenix Group has revealed this news through its official social media X account.
edgeX Secures Fourth Spot with $15.6B Revenue and 13.4K Active Users
edgeX stands at the fourth position with 13.4K active addresses, along with the $15.6B revenue generated and TVL of $182.4M in Feb 27, 2026. Then comes ApeX with $8.3B in revenue generation and TVL of $38.4M. ApeX also has 1.4K active addresses. In addition, the Grvt exchange has 151 active addresses along with the revenue of $7.6B, and has a TVL of $95.3M.
Variational and the tradeXYZ exchanges have attained a revenue generation of $7.2B and $6.3B, respectively. Moreover, the Extended exchange holds a TVL of $207.8M with $5.3B in revenue generated. StandX is at the 10th position in the given top perpetual Dexes, having successfully generated revenue of $3.9B and TVL of $70.9M. Additionally, Pacifica has earned revenue of $3.6B in the year 2026, along with a TVL of $36.2M.
Nado and $MYX Close the List with Multi-Billion Dollar Revenue Figure
The Reya perpetual exchange earned the 12th position in the given list of the top perpetual Dexes that performed well in the year 2026 in three aspects, which are active addresses, TVL, and revenue. Reya appears on the list with a TVL of $36.2M and is successfully able to generate $2.7B revenue. Furthermore, the Paradex perpetual exchange was able to earn revenue of $2.5B with $153.2M in TVL during the year 2026.
The Nado Perpetual exchange got 2nd last position in the given list with a TVL of $53.0M and easily generated revenue of $2.4B. The $MYX, is the perpetual decentralized exchange, remains in the last position in the given list. $MYX has gained the lowest value in generating revenue of $2.3B along with a TVL of $21.0M. One thing is remaining same in the last 9 exchanges: their active addresses are not given.
