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I've seen several English-language institutions citing this data, so I've translated it into Chinese.
The general idea is that the current data for derivatives DEXs like Hype and EdgeX is normal, with many people participating in trading and holding contract positions.
However, if a platform is full of trading volume but few people hold positions, it indicates that it's all short-term trading and not used by many people, with only bots and profiteers involved.

Haseeb >|<
@hosseeb
Perp DEXes, volume vs OI. Big spread here, most obvious regressor is pre-TGE vs post-TGE.
To compare with CEXes: Binance is 92%, OKX 80%, Bybit 184% according to @coinglass_com.


The product must be useful to use the fake to cultivate the real. I know it is poop as soon as I brush s2. Hahahaha
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