PANews reported on October 13th that according to Zack , an on-chain data analyst at Galaxy , despite a sharp decline in perpetual swap open interest ( OI ), on-chain open borrowing saw only a slight decline. After hitting a record high of $ 43.82 billion on October 7th , on-chain open borrowing fell to $ 38.6 billion as of October 12th , a decrease of $ 5.22 billion, or 11.91% .
