According to DeFiLlama data, perpetual DEXs recorded the second-highest daily trading volume in history on Feb. 5, topping $70 billion amid the market sell-off, trailing only the Oct. 10, 2025 “1011” flash crash. Hyperliquid logged $24.7 billion in volume that day, followed by Aster at $10.0 billion, edgeX at $8.7 billion, and Lighter at $7.5 billion. https://defillama.com/pro/5ihtclotvwsswau…

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The...

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