PANews reported on October 15th that DefiLlama published a post on the X platform stating that, based on on-chain data indicators, after the crypto market flash crash on October 11th, open interest on the Perpetual Swap Decentralized Exchange (Perp DEX) plummeted from $26 billion to less than $14 billion. Last Friday, lending protocol fees exceeded $20 million, a record single-day high. Last week, decentralized exchange (DEX) weekly trading volume reached a new high of over $177 billion. Total lending volume on lending protocols fell below $50 billion for the first time since August.
After the 1011 flash crash, the open interest of Perp DEX plummeted from $26 billion to less than $14 billion.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
