Flash Depth Data

Search Extension

This week's Perpdex Race Track Information you should pay attention to

律动小工

2025-08-15 19:58

Read this article in 14 Minutes

Hyperliquid Achieves All-Time Highs Across the Board, HYPE Surges to ATH; FTX COO Launches New Perp DEX

1. On-chain Anomaly Data Analysis

1. Hyperliquid Whale Activity: Continued ETH Position Reduction, BTC Short Position Floating Loss of 9 Million USD but Contrarian Additions

BlockBeats News, August 15, according to HyperInsight monitoring, on today's market pullback, some whales took the opportunity to adjust their positions: A whale with address starting with 0x7fdaf continued to reduce its ETH short position, selling off $1.66 million and $7.79 million in the past 6 hours, currently facing a floating loss of approximately $5.27 million with a liquidation price of $7,304; a whale with address starting with 0x5d2f4 contrarily increased its BTC short position by adding $853,000 to its holdings, currently experiencing a floating loss of $9.02 million with a liquidation price of $127,873; a whale with address starting with 0x5648A reduced its ETH long position by selling off 830 ETH (about $3.95 million), currently with a small floating loss of $44,600 with a liquidation price of $4,091.

2. Epic Profits and Losses of Several Major Whales on-chain, Image Source: @IcedTeaBitRoy

2. Perp DEX Breaking News

HyperLiquid

1. $HYPE's current price is still hitting new highs. The price is less influenced by PPI data, with its intraday decline even smaller than $BTC and $ETH.

Data Source: https://app.hyperliquid.xyz/trade/HYPE

2. $HYPE Buyback Data

In the past 24 hours, approximately 168,000 $HYPE tokens were bought back, spending nearly $7.72 million at an average price of $46.02. The buyback amount has reached a historical high.

Data Source: https://data.asxn.xyz/dashboard/hl-buybacks

3. Hyperliquidity Provider (HLP) Earnings and TVL Situation

With a TVL of over $4.3 billion, the HLP still maintains an APR of approximately 16%. According to @HyperliquidNews's data, yesterday the HLP generated over $600,000 in revenue in less than 15 minutes. Hyperliquid's fees and revenue yesterday were $7.48 million and $6.96 million, respectively, both reaching an all-time high.

Data Source: https://app.hyperliquid.xyz/vaults/0xdfc24b077bc1425ad1dea75bcb6f8158e10df303

4. Derivative Trading Volume in the Past 24 Hours, Hyperliquid L1 Continues to Lead Among All Public Chains

Original Article Link: https://x.com/Hyperliquid_Hub/status/1956159942773367119

edgeX

1. edgeX's 24-Hour Trading Volume Breaks Through the $20 Billion Mark.

Original Article Link: https://x.com/edgeX_exchange/status/1955918213050720489

2. eLP Earnings and TVL Situation

The current total TVL of eLP is approximately $1.5 billion, with an APR of around 34% in the past month.

Data Source: https://pro.edgex.exchange/vault/1?vaultName=eLP&leader=0x10a9b6FfA380c9463a61499483CC1017b94625D4

3. Research comparing edgeX, Lighter, and Backpack:

https://x.com/Adriana_flaka13/status/1955570763639226634

4. An article titled "This DEX That Didn't Issue a Token, Outearned Uniswap" provides a detailed analysis of edgeX's revenue.

Lighter

1. Lighter has listed five times leveraged products for $GMX, $DYDX, $MNT, and $ETHFI.

2. Lighter Liquidity Provider (LLP) Total Value Locked (TVL) and Earnings Data

The total TVL of LLP has exceeded $880 million, with an APR of around 80%. The return rate on August 15 reached as high as 2.5%.

Data Source: https://app.lighter.xyz/public-pools/281474976710654?locale=zh

3. KOL Neighbor Mountain @lerolwen's Experience and Thoughts on lighter:

Original Post Link: https://x.com/lerolwen/status/1955842222026580129

Other Perp DEX

1. The deposit product of syrupUSDC on Drift, which can provide a 30% APY return.

Original Post Link: https://x.com/maplefinance/status/1956100928442077451

2. A relatively new perp dex, Pacifica, on Solana is worth paying attention to.

Founded by FTX COO Constance Wan, a Solana-based perpetual contract DEX. Team members also include NFTperp founder Jose (@The0xJose). The project is entirely self-funded and has not undergone any external financing. The current daily trading volume has exceeded $50 million, with over 1,000 users. Related Reading: "Pacifica, the Perp dex newly established by FTX COO".

III. Perp DEX Data Analysis

1. Seven-Day Average Trading Volume

Almost all major Perp DEXs have seen a significant increase in their seven-day average trading volume, with Hyperliquid, Jupiter, and Orderly experiencing the largest increases.

Data Source: https://dune.com/uwusanauwu/perps

2. Open Interest (OI)

Data Source: https://www.perpetualpulse.xyz/

3. Protocol Revenue

edgeX has generated over $750,000 in revenue in the past 24 hours, maintaining the top spot.

Perp Dex Revenue Ranking, Data Source: https://defillama.com/revenue?category=Derivatives

Hyperliquid has seen a significant revenue increase in the last 24 hours, surpassing $7 million and overtaking Circle to claim the second spot on the list.