Perp DEX capital efficiency: active markets per $M TVL, live

Gains leads markets per $m tvl at 36 (24h) on Perp DEX capital efficiency: active markets per $M TVL, live. Active perp markets divided by trading TVL in USD millions. Higher means more instruments supported per dollar of locked collateral. Synthetic oracle venues like Gains carry many markets on a shared pool; CLOB venues like Hyperliquid require dedicated market-maker inventory per pair.