HIP-3 perp DEX OI just hit ~$1.3B (ATH) - and it’s not crypto driving it.
→ Commodities: $657M
→ Indices: $267M
→ Equities: $240M
→ Crypto: <$50M
85% of OI is TradFi exposure. Oil alone went from near zero in Jan to ~31% share in ~2 months.
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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.
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