Weekly fundamentals | Charts and trends to watch in crypto

November 15th

A walkthrough of the most interesting charts and trends in crypto, with a focus on key business drivers and protocol fundamentals. Let’s dig in!

📈 Growth in perpetual exchange trading volume due to market volatility and user migration from CEXs

• The daily trading volume of on-chain perpetual exchanges reached $5B, the highest daily trading volume since the UST meltdown of mid-May 2022.

• Several on-chain perpetual exchanges had the highest gas-consuming contracts of their respective chains in last 7 days:

  • GMX had the 1st and 3rd most gas-consuming contract on Avalanche and Arbitrum

  • Gains Network had the top gas-consuming contract on Polygon

  • Perpetual Protocol had the top gas-consuming contract on Optimism

• …

Read this article in full on tokenterminal.com: https://tokenterminal.com/weekly-fundamentals/52