Stacy Muur
06/23 15:30
This is a number that venues publish themselves. As a result, it can be inflated or manipulated.
I think a much better metric is turnover, which essentially measures volume relative to OI and shows whether positions are being held or churned.
Here's how perp platforms rank by turnover:
→ @HyperliquidX: 0.38x
→ @variational_io: 0.61x
→ @Lighter_xyz: 0.97x
→ @edgeX_exchange: 1.18x
→ @grvt_io: 2.29x
→ @JupiterExchange: 2.71x
Lower ratio = sticky positions.
Higher ratio = more churn.
At the top of the list, Hyperliquid holds $9.4B in OI, more than the other five venues combined.
Jupiter has the highest turnover, but it’s a pool venue, so every trade settles against shared liquidity instead of other traders. High turnover is just how pool venues work, and the wash checks confirm the activity is real.
H/t @ax1vc for data.
#World Cup Predictions: 100,000 USDT Daily#TradFi Trading Strategies Sharing Challenge#1$ Margin Trade
LikePartager
Tous les commentaires0RécentPopulaire