Home BUSINESS & FINANCE Digital Banking & DeFi DeFi perp open interest dropped $500M+ in a single day. Zoom

DeFi perp open interest dropped $500M+ in a single day. Zoom

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Original Coverage & Source Attribution: www.kucoin.com

DeFi perp open interest dropped $500M+ in a single day.

Zoom out: OI is still up 12.7% month over month, sitting around $14B.

Volume tells the other half. ~$30B traded on the same day, near the top of the month’s range.

Positions are being closed, not abandoned. One day of deleveraging doesn’t erase a month of growth.

Source: @DefiLlama

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