According to DeFiLlama data, on February 5th, the day of the major crash, Perp DEX saw its single-day trading volume surpass $70 billion for the second time in history, second only to the "1011" flash crash on October 10th, 2025. Hyperliquid's single-day trading volume reached $24.7 billion, Aster's reached $10 billion, edgeX's reached $8.7 billion, and Lighter's reached $7.5 billion, among others.
