According to @etherealdex, Ethereal's PerpDEX has achieved the second-highest Total Value Locked (TVL) across all networks, following only Jupiter. Its TVL is reported to be 4.5 times that of Hyperliquid, reaching a significant $820 million. This increase is attributed to the ongoing 'Season Zero' deposit phase, where users can deposit $USDe to earn project points and testnet access. So far, 16,210 addresses have collectively deposited $830 million.