Interesting to see Hyperliquid's Open Interest > 24 Hour Volume.


We don't see that often in perps platforms as:
• traders are constantly hedging, quoting, or adjusting their positions
• perps trades are usually for shorter-term trading
Key factor for causing OI > 24 Hr volume on Hyperliquid is HYPE-USDC pair, where 24 hour volume is $160M while OI is $650M (4X). My guess is that a lot of long-term trades are being placed to hedge the HYPE Staked (especially for HIP 3 Markets)
HYPE0,02%
USDC-0,01%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin