In the past 24 hours, trading volumes of MYX and WLD have surged significantly, outpacing well-known crypto assets like DOGE and XRP.
Trading Volumes of MYX and WLD
According to data from Laevitas, MYX recorded $10.58 billion in trading volume, while WLD followed closely at $10.8 billion. These figures put both tokens in the 4th and 5th spots in derivatives trading, surpassing DOGE and XRP.
Liquidations and Their Impact on the Market
Liquidation data highlights market volatility. On September 8, over $42 million in MYX short positions were liquidated, accounting for 25.86% of all liquidations that day. On September 9, another $31 million in short positions were liquidated, making up 18.59% of total short liquidations.
New Leaders in Derivatives Trading
The rise of MYX and WLD trading volumes indicates shifts in the crypto landscape. While DOGE and XRP have held dominant positions, new players are stepping up in derivatives trading. The future of this trend remains uncertain, but MYX and WLD are currently coins to watch.
MYX and WLD have shown significant growth in derivatives trading volumes, signaling potential shifts in trader preferences and increased interest in emerging crypto assets.
