📊 Data: The ratio of open interest to trading volume for contract DEXs like Jupiter and Hyperliquid is significantly high.
Dragonfly partner Haseeb pointed out based on Coinglass @coinglass_com data comparison that the current open interest (OI) to trading volume ratio for some contract #DEXs is significantly higher than mainstream #CEXs. The data shows that Jupiter @JupiterExchange has a 24-hour trading volume of about $259 million, but an open interest exceeding $1.02 billion, with an OI/Volume ratio of 395%; Hyperliquid @HyperliquidX has this indicator at 287%, with a 24-hour trading volume of $5.21 billion and an open interest of $14.94 billion.
In contrast, the ratios for Binance @binancezh, OKX @okxchinese, and Bybit @Bybit_ZH are 92%, 80%, and 184%, respectively. Haseeb stated that this difference may be related to the phases before and after the token launch (pre-TGE and post-TGE).
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