HyperliquidX has emerged as the leader in open interest (OI) among major cryptocurrency exchanges, boasting $7.276 billion in OI alongside a 24-hour trading volume of $2.452 billion and a 30-day volume of $169.578 billion. This positions HyperliquidX as a venue with significant trader commitment and risk management credibility. In contrast, Lighter_xyz reported a lower OI of $1.532 billion but a higher 24-hour volume of $4.754 billion, indicating a focus on high trading activity. Aster_DEX and edgeX_exchange also showed varied metrics, with Aster_DEX having $2.448 billion in OI and $3.644 billion in 24-hour volume, while edgeX_exchange recorded $0.743 billion in OI and $2.772 billion in 24-hour volume. These figures suggest that while some exchanges attract high trading volumes, they may not necessarily retain long-term trader commitment, as indicated by their lower OI figures.