# Volume Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Volume", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

BitMEX Launches Year-End Gala Featuring a 3.5 BTC Prize Pool

BitMEX, a leading cryptocurrency derivatives exchange, has announced its Year End Gala trading competition, featuring a total prize pool of 3.5 BTC. The event, which runs from December 18, 2025, to January 16, 2026, allows fully verified traders to compete for rewards distributed across three leaderboards: Highest Trading Volume (80% of the pool for top 100 traders), Highest PnL (10% for top 100), and Highest ROI% (10% for top 100). Additionally, five Sony PlayStation 5 Pros will be awarded via a lucky draw. BitMEX emphasizes its security record, noting no history of crypto losses due to hacking, and its regular publication of Proof of Reserves and Liabilities data.

TheNewsCrypto12/18 13:21

BitMEX Launches Year-End Gala Featuring a 3.5 BTC Prize Pool

TheNewsCrypto12/18 13:21

Understanding DOGE Through Cyclical Patterns: Is Every Dip a Setup for a Higher Jump?

Examining Dogecoin through cyclical patterns suggests that despite recent subdued price action, key on-chain signals and historical trends indicate the meme coin may be at a critical juncture. DOGE is currently holding above a major support zone around $0.074, a level historically associated with significant buying activity and large transaction volumes. While short-term momentum remains weak, with RSI and MACD indicators still favoring sellers and four-hour charts showing lower highs, the price consolidation reflects a market in wait-and-see mode rather than a confirmed downtrend. The broader structure remains intact. From a macro perspective, Dogecoin's history is characterized by extended periods of accumulation followed by rapid, parabolic advances. This current phase of sideways movement could be building a foundation for a potential powerful upward move later in the cycle, mirroring its past behavior. The immediate outlook hinges on its ability to maintain this key support. A strong, high-volume rebound from this zone would reinforce bullish expectations, while a decisive break below it could trigger a shift in sentiment and a test of lower levels. Dogecoin is currently at a balance point between short-term weakness and its still-valid long-term structure, awaiting a catalyst for its next directional move.

金色财经12/18 07:22

Understanding DOGE Through Cyclical Patterns: Is Every Dip a Setup for a Higher Jump?

金色财经12/18 07:22

Why Does Hyperliquid Earn Less Than Coinbase?

Hyperliquid, a decentralized exchange, processes near-Nasdaq-level perpetual trading volumes but captures significantly lower fees compared to centralized platforms like Coinbase and Robinhood. While Hyperliquid cleared $205.6 billion in notional volume over 30 days, it generated only $80.3 million in fees—an effective take rate of ~3.9 bps. In contrast, Coinbase and Robinhood achieve take rates of ~35.5 bps and ~33.5 bps, respectively, by operating as retail brokers that monetize multiple layers: distribution, balances, subscriptions, and order flow. This gap stems from a structural difference: Hyperliquid positions itself as a low-fee *market layer* (like Nasdaq), providing high-throughput execution and清算 infrastructure, while brokers like Coinbase control user relationships and extract value through higher-margin activities. Hyperliquid’s model includes permissionless distributor frontends (Builder Codes) and product deployment (HIP-3), which drive ecosystem growth but also create long-term fee compression risks by outsourcing high-value distribution. To defend its economics, Hyperliquid is taking steps to retain distribution control, integrate HIP-3 markets natively, and introduce balance-driven revenue streams like USDH (a native stablecoin with 50% reserve收益 sharing) and portfolio margin (10% interest fee on borrows). These moves aim to shift its model from pure exchange-level execution toward a hybrid approach that captures broker-like profit pools—without sacrificing its core infrastructure advantages. The key challenge remains balancing open ecosystem growth with tighter economic integration to avoid being commoditized as a wholesale execution venue.

marsbit12/18 07:03

Why Does Hyperliquid Earn Less Than Coinbase?

marsbit12/18 07:03

Hot Perp DEX Recent Updates: Find the Best Way to Participate

Despite a generally cool market, Perp DEX platforms remain highly active due to airdrop incentives and stable trading volumes. Here are key updates from three popular Perp DEXs: **StandX** launched its mainnet trading points program, with daily volume exceeding $100 million. Users earn points by depositing DUSD, providing liquidity, trading, or inviting friends. A trading competition is planned, along with more trading pairs. **Aster**, currently leading in daily trading volume among Perp DEXs, continues its monthly airdrop campaigns. Phase 4 is ongoing until Dec 22, and Phase 5 will run from Dec 22 to Feb 1, 2026, distributing 1.2% of total supply. Aster has also increased its daily buyback and burn rate to ~$4 million and launched a human vs. AI trading competition. **Lighter** has been added to Coinbase's listing roadmap, but its TGE may be delayed until late December or early January. Its points system for traders remains opaque ("a blind box"), considering factors like volume and PnL. The team emphasizes a long-term approach to token value rather than a pump at launch.

Odaily星球日报12/18 03:14

Hot Perp DEX Recent Updates: Find the Best Way to Participate

Odaily星球日报12/18 03:14

1 billion HYPE burn could shock supply – Can Hyperliquid hold $20?

Hyperliquid (HYPE) is showing notable activity as its price slipped below $30 but remained up 3% following a proposal from The Hyper Foundation to burn 1 billion HYPE tokens from the Assistance Fund. If approved by validators on December 24, this burn could cause a supply shock, potentially driving prices upward. However, current market conditions show weak demand, with HYPE down 56% from recent highs and approaching a critical support level at $20. Perpetual futures volume has also dropped sharply. Additionally, an upcoming token unlock of 10 million HYPE in December may introduce short-term selling pressure, partially counteracting the positive impact of the proposed token burn.

ambcrypto12/18 02:01

1 billion HYPE burn could shock supply – Can Hyperliquid hold $20?

ambcrypto12/18 02:01

Ethereum (ETH) May See Triple-Digit Gains, ETF Inflows Become a Catalyst

Ethereum (ETH) is showing signs of potential for a significant upward move, with the recent recovery in spot Ethereum ETF inflows acting as a key catalyst. After a pullback from the $3,650–$3,350 supply zone, ETH is now consolidating near $3,200. This coincides with a technical resistance level formed by the 200-day moving average, creating a conflict between technical pressure and improving fund flows. Key data highlights include a 28% increase in spot Ethereum ETF assets since November 21, growing from $16.8 billion to $21.5 billion. Net automated trading volume, while still negative at -$1.38 billion, has improved significantly from the extreme -$5 billion levels seen in October, indicating a structural shift in market sentiment. This metric’s 30-day moving average is also rising, a pattern last observed in early 2025 before ETH’s historic rally. On the price chart, ETH is testing a critical demand zone between $3,100 and $3,180 on the 4-hour chart. Holding this area could lead to a rebound toward the 200-day EMA and a potential challenge of the $3,450 resistance. A break above $3,450 could open a path toward $3,900. However, a breakdown of the channel support might trigger a retest of the $3,000 level. Derivatives data from Hyblock shows a neutral but fragile market structure. While funding rates are positive and mild, the buy/sell order ratio remains balanced, suggesting that spot traders have not yet formed a strong bullish bias. The key for ETH’s next major move depends on whether buyers can sustain the current demand zone and whether improving spot ETF inflows and automated trading activity can convert into sustained upward pressure.

cointelegraph_中文12/12 06:18

Ethereum (ETH) May See Triple-Digit Gains, ETF Inflows Become a Catalyst

cointelegraph_中文12/12 06:18

Russia Accounted for Up to 31% of Traffic on Major Cryptocurrency Exchanges in November

According to data from Similarweb cited by Wu Blockchain, Russia accounted for up to 31% of traffic on the cryptocurrency exchange Bybit in November, making it the largest source of visits to the platform. Although Bybit's overall traffic decreased by 10% month-over-month, the share of Russian users increased by 3 percentage points. Among 15 major crypto exchanges, total traffic fell by 11% in November, with no platforms showing growth. Spot trading volume on major exchanges dropped 27.8% to $1.7 trillion, while derivatives trading volume declined 15.8% to $7 trillion. Bybit ranked fourth in both spot and futures trading volumes. The Central Bank of Russia also reported an 18% decline in transaction volumes on foreign crypto exchanges in Q2 and Q3 of 2023, along with a 20% decrease in Russian users’ crypto holdings and a 28% drop in traffic from Russia to crypto platforms.

RBK-crypto12/10 13:18

Russia Accounted for Up to 31% of Traffic on Major Cryptocurrency Exchanges in November

RBK-crypto12/10 13:18

Polymarket trading figures are being ‘double-counted ’: Paradigm

According to a Paradigm researcher, reported trading activity and volume on the prediction market platform Polymarket have been significantly inflated due to a data bug causing double-counting. The issue stems from Polymarket's complex onchain data, which emits redundant "OrderFilled" events for both makers and takers in a single trade. Major dashboards, including DefiLlama and Dune Analytics, mistakenly counted these as separate trades. This error impacts both notional and cashflow volume metrics. The discovery raises questions about Polymarket's recently reported success, including a $9 billion valuation from ICE based on potentially overstated volume figures. The researcher calls for more consistent and transparent reporting standards as prediction markets mature.

cointelegraph12/09 04:06

Polymarket trading figures are being ‘double-counted ’: Paradigm

cointelegraph12/09 04:06

Alert! Dogecoin (DOGE) Shows Signs of Another Surge? Current Situation Highly Similar to September Highs

Dogecoin (DOGE) is showing signs of a potential price surge, with key on-chain activity mirroring patterns seen before its September rally. On December 3, daily active addresses (DAA) surged to 67,511, the second-highest level in three months. A similar spike in DAA preceded DOGE’s climb to $0.30 in mid-September, followed by a 50% correction. Currently trading around $0.14—a strong support level tested multiple times—DOGE has risen 3.5% in 24 hours, accompanied by a doubling in trading volume. This suggests renewed buying interest. If DOGE holds above $0.14 and breaks the $0.16 resistance, it could signal a short-term trend reversal, with a potential move toward the 200-day EMA and possibly September highs. Macro factors, including the upcoming Fed meeting, may also influence momentum. A dovish shift could boost liquidity and crypto sentiment. While rising network activity reflects growing engagement, investors should consider technicals, macro conditions, and risk management.

金色财经12/09 02:32

Alert! Dogecoin (DOGE) Shows Signs of Another Surge? Current Situation Highly Similar to September Highs