😃 Weekly Exchange Report (Dec 29 ~ Jan 4)



🕯️ Lighter

• Perp Volume: $24.519B, down $6.382B from last week

• TVL: $1.269B, down $0.115B from last week

• OI: $1.404B, down $0.088B from last week

• $LIT Launching

• $LIT 5x leverage perp launched



🪡 edgeX

• Perp Volume: $15.504B, up $0.363B from last week

• TVL: $361.31M, up $1.04M from last week

• OI: $888.06M, up $133.44M from last week

• edgeX Community call

• edgeX TGE deferred



🎒 Backpack

• Perp Volume: $8.178B, up $1.565B from last week

• OI: $242.29M, up $21.58M from last week

• $LIT liquidation issues and full compensation support

• Season 4 – Week 5 point distribution completed



🍀 GRVT

• Perp Volume: $9.57B, up $2.615B from last week

• TVL: $65.71M, up $8.08M from last week

• OI: 365.04M, up $115.17M from last week

• MessariCrypto research report on Grvt’s evolution

• Rewards Season 2 point distribution completed



📈 Variational

• Perp Volume: $8.93B, up $1.32B from last week

• OI: $628.97M, up $133.93M from last week

• Omni Lifetime Trading Volume $100B +

• Weekly Omni Retail Sentiment Index update

• Rewards 150,000 Omni points distribution completed



Market Summary

• Lighter has seen a noticeable decline in perp trading volume following the listing of the $LIT token, suggesting a post-TGE adjustment period driven by the exit of airdrop-focused participants.



• In contrast, Backpack, GRVT, and Variational all recorded significant week-over-week increases in trading volume, indicating that trading demand following Lighter’s TGE has been redistributed across other perp DEXs.



• Variational, in particular, is increasingly being referred to as the “Next Lighter” within overseas communities, making it worth closely monitoring its performance and volume trends going forward.