DEX derivatives trading volume hits record highs two days running… $67 billion recorded in one day
Summary
- "Wu Blockchain said that the derivatives trading volume on decentralized exchanges (DEXs) recorded an all-time high for two consecutive days."
- "It noted that the trading volumes of ASTER, Lighter, and HYPE each exceeded $10 billion."
- "Wu Blockchain said the recent surge in trading volume may imply the possibility of 'wash trading (Wash Trading)'."
Decentralized exchanges (DEXs) saw derivatives trading volume break record highs for two consecutive days.
Wu Blockchain said on the 25th (local time) via its official X account, "The previous day (24th), derivatives trading volume on decentralized exchanges exceeded $67 billion (about 94 trillion won), setting an all-time high for the second day in a row." Wu Blockchain said, "In particular, ASTER, Lighter, and HYPE each recorded trading volumes of over $10 billion."
It also mentioned potential money laundering. Wu Blockchain said, "The seven-day average trading volume of derivatives decentralized exchanges with daily trading volumes exceeding $1 billion increased by at least 80%, which suggests the possibility of 'wash trading (Wash Trading)'."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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