Key PerpDEX Metrics Change in One Day
Volume
Overall increase due to heightened volatility
Pacifica down -53%. Likely influenced by its relatively long remaining period until TGE
OI
$11.5B in one day, average decline of -42%
TVL
Total $1.2B decline in a single day
Most top PerpDEXs declined, but GRVT, Pacifica, etc. actually increased
GRVT due to 10% Fixed Yield; Pacifica difficult to speculate
Market Shift
While ‘major’ players include Drift, Jupiter, Ostium, Paradex, GMX, and dYdX,
we focused on key PerpDEXs relevant to ‘DeFi Farmers’.
Lighter faced potential issues with its website outage, but announcements of compensation and the sentiment that it's ‘better than CEX’ seem to be calming the situation.
Since OI has decreased, Vol is likely to gradually decline as well, so we should monitor it for a few more days.
Data Sources
- @perpetualpulse, DeFiLlama
Major PerpDEX Indicator Changes in Just One Day
Volume
Overall increase due to heightened volatility
Pacifica has dropped by -53%. This is speculated to be due to the relatively long time remaining until TGE.
OI
In just one day, $11.5B, an average drop of -42%.
TVL
A total drop of $1.2B in just one day.
Most top PerpDEXs have decreased, but GRVT and Pacifica have actually increased.
GRVT is due to a 10% Fixed Yield, while Pacifica's reasons are hard to speculate.
Changes in the Market
When we say 'major',
there are also Drift, Jupiter, Ostium, Paradex, GMX, dYdX, etc.,
but we looked at the major PerpDEXs that are noteworthy as 'DeFi Farmers'.
Lighter seemed to have issues with their website being down, but with the announcement of rewards and the public opinion that 'it's better than CEX', it seems to be stabilizing.
Since OI has decreased, Vol may gradually decrease as well, so we should observe for a few more days.
Data source
- @perpetualpulse, DeFiLlama
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