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| Exchange | 24h Volume | 24h Change | 7d Change | Share |
|---|---|---|---|---|
 |
$2.10B | +14.3% | -16.8% | |
 |
$1.16B | +9.6% | +35.8% | |
 |
$1.15B | +7.8% | -19.9% | |
 |
$437.4M | +2.2% | -9.5% | |
 |
$373.2M | -13.8% | -6.6% | |
 |
$219.7M | +30.5% | -6.5% | |
 |
$203.7M | +6.1% | -5.8% | |
 |
$41.1M | +60.4% | -16.1% | |
 |
$33.7M | -15.6% | +3.3% | |
 |
$24.2M | +1.5% | +27.1% | |
 |
$19.7M | +16.8% | -24.6% | |
 |
$6.1M | +51.7% | -8.6% | |
 |
$3.2M | -15.0% | -6.3% | |
 |
$1.2M | +16.3% | -41.8% | |
 |
$670.8K | -25.8% | +29.5% |
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ZEC trading volume measures the total value of Zcash perpetual contracts traded over a given period across the exchanges PerpDEX Wars tracks. Unlike open interest, which measures positions that remain open, trading volume measures how much activity takes place during a period.
The dashboard shows current ZEC volume, the historical volume chart, 24-hour and 7-day changes, and each exchange’s share of tracked activity. This makes it easier to see whether trading activity is broadly distributed across venues or concentrated on particular exchanges.
This page tracks perpetual-futures activity rather than spot trading or on-chain Zcash volume. A spike in trading volume means market participation has accelerated, but it does not by itself indicate whether price is likely to rise or fall. Open interest can provide additional context by showing how much positioning remains open.
ZEC trading volume measures the total value of perpetual contracts traded over a given period across the exchanges tracked on this page. It reflects trading activity rather than the amount of positioning that remains open.
Comparing Zcash trading volume across exchanges shows where activity is concentrated and which venues account for the largest share of the tracked perpetual-futures market.
The Zcash volume chart shows how aggregate perpetual-futures trading activity changes over time. It can help identify periods when participation expands or contracts relative to recent levels.
A spike means trading activity accelerated during that period. It can occur when traders react to large price moves, news or changing market conditions, but higher volume alone is not automatically bullish or bearish.
This page focuses on perpetual-futures volume across the supported exchanges. It does not represent total spot trading volume or on-chain transfer activity for Zcash.
Volume measures how much is traded during a period, while open interest measures the value of positions that remain open. High trading activity does not necessarily mean open interest is increasing.