On-chain derivatives battle royale: dYdX and GMX decline, Hyperliquid dominates, who will get the next ticket | Bee Network
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Original source: TechFlow In recent days, $ALPACA, the Alpaca Coin that is about to be delisted from Binance, has been active in the center of the market, stirring up tens of billions of dollars in total trading volume with a circulating market value of $30 million. On April 24, Binance announced that it would delist four tokens including Alpaca Finance ($ALPACA) on May 2. The news of delisting from Binance is usually a huge negative for the project – delisting means reduced liquidity and shrinking trading volume, and the token price often falls or even never recovers. However, after the delisting news was released, $ALPACA experienced a 30% drop in a short period of time (based on the spot price of the Binance trading platform), and then the price soared…# Analysis# crypto# defi# Exchange# Market# Meme Coin# Shiba Inu# Token# ToolPre
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- What on-chain derivatives protocols have you used recently? This is almost an embarrassing footnote to the DeFi derivatives track. To be honest, if Hyperliquid, with the giant whale James Wynn as ...