🚀 Custodial Assets
HyperLiquid 3.6 billion, Lighter 182 million, Backpack 273 million
Backpack grew 53 million in 5 days, the growth rate is very fast, the momentum is good, surpassing Lighter
The reason is that everyone realizes this is not a gambling contract exchange, this is a DEX for financial arbitrage, it can be played like building with Legos, it's fun...
🎯 Trading Amount
HyperLiquid 5.3 billion, Lighter 4.5 billion, Backpack 720 million
Backpack ranks third, with yesterday's SOL spot trading volume of 300 million, surpassing many second-tier exchanges, very impressive, it truly is the leading exchange on the SOL chain
Currently, the depth of SOL and BTC on @Backpack_CN is excellent, the current BLP liquidity treasury has not yet been launched, if it is released, it will definitely attract whales, by then trading volume will explode and points will become even more competitive
🏈 Open Interest
The amount of new contracts opened was 298 million yesterday, an increase of 12% compared to the previous day
It has been a continuous growth for 7 days, the data is very impressive
If I were a worker, I would show this growth bar chart to my boss, and the leader would definitely reward me with a business trip to Chengdu
✅ Summary
Many people still stubbornly believe: the exchange is a casino for opening contracts, it is a dog house betting against customer losses
But look at @Backpack, then try playing arbitrage Lego, you'll be mentally challenged and can't stop, it's very enjoyable, let others take the alpha
Thanks to @armaniferrante team, the community atmosphere is getting better and better, everyone is spontaneously building and sharing
I believe we are standing on a starship about to set sail
The journey is, the stars and the sea
Forward four!
