Bitget Futures Market Update: DEX Bot Volume Increase Ensued by DEX Token Price Surge

Bitget2024/02/26 05:02

By:Bitget

Over the past few weeks, degen volume on ETH has been sustaining at $30 million per day, a nearly 100% surge over fall. As of Saturday, the total market value of DEX tokens now stands at an astounding $23,599,510,478, marking a remarkable surge of 28.1% within the span of just 24 hours.

Industry experts anticipate that this bullish momentum in the DEX token market is poised to continue as decentralized finance continues to evolve and expand. With an increasing number of users recognizing the benefits of DeFi platforms and decentralized exchanges, the market value of DEX tokens is expected to witness sustained growth in the foreseeable future.

Source: The Daily Edge/Coincu

Futures Market Updates

Over the past 24 hours, the ETH futures market suffered from short position liquidations after a surge over the $3K mark. Major cryptocurrencies such as BTC and ETH still dominate the market. Investors are balanced between their long contracts and short contracts.

Bitcoin Futures Updates

Total BTC Open Interest: $23.41B (-0.70%) BTC Volume (24H): $23.77B (+8.61%) BTC Liquidations (24H): $5.92M (Long)/$6.59M (Short) Long/Short Ratio: 50.00%/50.00% Funding Rate: 0.0156%

Ether Futures Updates

Total ETH Open Interest: $11.40B (+5.00%) ETH Volume (24H): $27.80B (+71.17%) ETH Liquidations (24H): $4.66M (Long)/$20.23M (Short) Long/Short Ratio: 51.47%/48.53% Funding Rate: 0.0334%

Top 3 OI Surges

XVG: $21.05M (+239.37%) CKB: $48.11M (+90.74%) DGB: $9.10M (+75.51%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Share link:In this post: The global crypto market cap struggles to steady prices as the weekend negative sentiment kicks in. Current extreme levels of panic indicate buying opportunities, but there are several aspects to consider. Price drops persisted in the broader crypto market despite equity indices reaching fresh highs with the release of US non-farm payrolls data.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the info

Cryptopolitan•2024/07/06 09:01