Coinglass data shows that the WLFI contract across the network currently holds 826 million units, equivalent to about 205 million USD, a strong increase of 667.92% in 24 hours.
The WLFI contract on Binance alone accounts for 478 million units, valued at approximately 118 million USD, reflecting rapid growth in volume and transaction value.
MAIN CONTENT
The total number of WLFI contracts on the network reaches 826 million units.
The equivalent value is 205 million USD, an increase of 667.92% in 24 hours.
Binance holds 478 million WLFI contracts, valued at around 118 million USD.
What is the WLFI contract and its importance in cryptocurrency trading?
The WLFI contract is a type of financial derivative in the cryptocurrency market, used to invest or hedge against risks related to the WLFI asset.
Holding this contract reflects interest as well as the flow of capital in the market. A large contract value also indicates a high level of liquidity and volatility of WLFI, playing an important role in the trading strategy of professional investors.
What does a growth of 667.92% in 24 hours indicate about the WLFI market?
The growth rate of 667.92% is a clear indication of a liquidity boom and sudden interest in the WLFI contract in the short term.
This index shows a strong increase in investment cash flow or trading activities within a day, indicating that the WLFI market has significant volatility, high profit potential but also inherent risks.
Why does Binance hold a large proportion of WLFI contracts?
Binance is one of the world's leading cryptocurrency exchanges with a diverse derivatives trading platform and extensive liquidity.
Binance holding up to 478 million WLFI contracts, valued at approximately 118 million USD, reflects the enormous trading scale and investor trust in the exchange for executing transactions related to WLFI.
Frequently Asked Questions
What is WLFI in the cryptocurrency market?
WLFI is a type of derivative contract that allows investment or hedging against the volatility of the WLFI asset in the cryptocurrency market.
What does a 667.92% increase in 24 hours mean?
This figure indicates a dramatic change in the number of contracts and transaction value, reflecting a strong increase in demand and liquidity in a short time.
How many WLFI contracts does Binance hold?
Currently, Binance holds about 478 million WLFI contracts, equivalent to a value of 118 million USD.
What is the total value of the WLFI contract across the network?
The total number of WLFI contracts across the network reaches 826 million units, equivalent to about 205 million USD.
Source: https://tintucbitcoin.com/wlfi-hop-dong-205-trieu-usd-tang-manh/
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