| Exchange | 24h Volume | 24h Change | 7d Change | Share |
|---|---|---|---|---|
| $13.66B | +6.9% | -19.1% | ||
| $7.68B | +7.6% | -17.3% | ||
| $6.20B | +0.7% | -16.7% | ||
| $3.83B | +11.2% | -11.7% | ||
| $1.93B | +6.7% | -20.3% | ||
| $1.90B | -7.8% | -20.8% | ||
| $1.29B | +10.5% | -19.6% | ||
| $958.5M | +4.7% | -9.0% | ||
| $365.8M | +7.5% | +10.5% | ||
| $347.3M | +69.2% | +5.4% | ||
| $296.0M | -3.6% | -11.5% | ||
| $210.4M | -19.2% | -3.9% | ||
| $163.7M | +38.9% | -18.8% | ||
| $97.6M | +12.6% | +4.3% | ||
| $34.7M | +17.7% | -34.2% |
Ethereum trading volume is the total value of ETH perpetual contracts traded over a given period. It shows how much market activity is taking place, but unlike open interest it does not represent positions that remain open. A market can post high ETH trading volume even when open interest changes little because the same capital may trade multiple times.
PerpDEX Wars aggregates volume across the exchanges we cover and shows 24-hour totals, historical activity, venue shares and short-term changes. The Ethereum volume chart makes it easier to see whether trading activity is spread across the market or concentrated on a small number of exchanges.
On this page, Ethereum futures volume refers specifically to perpetual futures activity rather than spot ETH turnover or on-chain transfers. Comparing ETH futures volume across venues can also show where liquidity and execution are currently concentrated.
Ethereum trading volume measures the total value of ETH perpetual contracts traded during a given period. It reflects trading activity rather than the amount of capital that remains in open positions.
Ethereum volume counts trades executed during a period, while open interest measures positions that are still open. High volume can therefore occur without a similar increase in open interest if traders are frequently opening and closing positions.
Comparing ETH trading volume by exchange shows where most trading activity is taking place. A large share on one venue can indicate stronger liquidity there, while a more even distribution suggests activity is spread across several exchanges.
The ETH volume chart shows how trading activity has changed over time. It can help identify periods of unusually high or low participation and put the current 24-hour volume in historical context.
This page tracks Ethereum futures volume from perpetual markets covered by PerpDEX Wars. It does not represent total spot ETH trading or Ethereum network transfer volume.
The page updates continuously as new exchange data is collected. The headline ETH volume figure represents recent 24-hour trading activity, while the chart provides historical context.