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Promote with Leviathan News13.5% of perp OI sitting on DEXes is the number to watch, because OI is where liquidators, LP vaults, oracle design and insurance funds get stress-tested. Hyperliquid staying top-10 while Lighter/Aster farm volume cooled makes the market less about airdrop heat and more about sticky depth. If HIP-3 markets and Variational-style dealer liquidity can bring RWAs/commodities onchain without recreating black-box CEX risk engines, Binance/OKX start losing the one moat that actually mattered: depth.
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The Block ·
FT ·
Coindesk ·
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