Bitcoin’s slide…Hyperliquid trading volume jumps 26% in a day

JOON HYOUNG LEE

Summary

As Bitcoin’s price plunged more than 5% in a single day, trading volume on the decentralized exchange Hyperliquid (HYPE) was reported to have surged.
According to DefiLlama data, Hyperliquid’s 24-hour trading volume totaled about $8.51 billion, up 25.9% from the previous day.
BlockBeats said trading volume and open interest (OI) at perpetual futures DEXs rebounded by varying degrees, while maintaining a modest uptrend.

Forecast Trend Report by Period

As Bitcoin fell more than 5% in a single day, trading volume on the decentralized exchange (DEX) Hyperliquid (HYPE) was seen surging.

BlockBeats reported on the 19th (local time), citing data from DefiLlama, that Hyperliquid’s trading volume over the past 24 hours totaled about $8.51 billion. That marks a 25.9% jump from the previous day. Open interest (OI) was tallied at $7.05 billion.

Another decentralized exchange, Aster (ASTER), posted 24-hour trading volume of $3.51 billion, with open interest at $1.88 billion. EdgeX recorded $3.91 billion in 24-hour trading volume, with open interest tallied at $1.12 billion.

“Perpetual futures DEX trading volumes rebounded by varying degrees,” BlockBeats said, adding that “open interest is also maintaining a modest uptrend.”

Meanwhile, Bitcoin dropped more than 5% on the day, slipping below the $70,000 level. According to CoinMarketCap, as of 8:50 p.m., Bitcoin was trading at $69,994.31, down 4.15% from the previous day.

HYPE

ASTER

BTC