An interesting picture is currently on DEX 👀
The volumes seem to have cooled slightly compared to yesterday, but the market is clearly not "relaxed" — on the contrary, open interest is rising almost everywhere. And this is already a hint that people are not exiting, but accumulating positions.
Hyperliquid is once again breaking the psychological barrier — about $7B in open positions. Honestly, it looks like the main movement is flowing back there. The volume also remains strong — $7.8B.
Regarding others:
— Aster has secured second place (both in volume and OI) — $2.58B / $1.9B
— EdgeX is almost breathing down its neck — $2.56B / $1.18B
— Lighter is consistently above $2B in volume
— Grvt, Apex — more like the "second echelon", but there is liquidity there
— Pacifica is still very cautious, without overheating
Personally, I feel that the market is not in an exit phase right now, but in a phase of accumulating positions. Volumes may fluctuate, but open interest does not just grow — it’s always about anticipating movement.
And here is the most delicate moment: where exactly will it shoot — up or down 🤷♀️
Because such numbers usually end not in boredom, but in a sharp impulse.
$BTC $XRP $ETH #dex