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🚨NEWS ALERT🚨 ⚫........DeFi DERIVATIVES SKYROCKET: #tvl Hits $82.67B Amid Rapid Growth........⚫ The #decentralizedfinance (DeFi) sector is witnessing explosive growth, with Total Value Locked (TVL) surging by 51.9%, reaching an impressive $82.67 billion. 🚀 The daily trading volume for crypto derivatives has also seen a significant jump, skyrocketing from $1.8 billion to $5 billion. 🎯This surge is driven by the excitement surrounding innovative features such as pre-market trading and more user-friendly interfaces. New platforms like #Hyperliquid and #SynFutures are gaining traction, drawing in both retail investors and institutional players. Additionally, institutional support for stable coins is further fueling the expansion of the DeFi ecosystem. (🌐Source: #Cointelegraph ) ⚠️ Don't forget to VOTE 👍 me on my Profile for the next 15 days ⚠️ 🔴 Plz Your one vote matters alot
🚨NEWS ALERT🚨

⚫........DeFi DERIVATIVES SKYROCKET: #tvl Hits $82.67B Amid Rapid Growth........⚫

The #decentralizedfinance (DeFi) sector is witnessing explosive growth, with Total Value Locked (TVL) surging by 51.9%, reaching an impressive $82.67 billion.

🚀 The daily trading volume for crypto derivatives has also seen a significant jump, skyrocketing from $1.8 billion to $5 billion.

🎯This surge is driven by the excitement surrounding innovative features such as pre-market trading and more user-friendly interfaces.

New platforms like #Hyperliquid and #SynFutures are gaining traction, drawing in both retail investors and institutional players. Additionally, institutional support for stable coins is further fueling the expansion of the DeFi ecosystem.

(🌐Source: #Cointelegraph )

⚠️ Don't forget to VOTE 👍 me on my Profile for the next 15 days ⚠️
🔴 Plz Your one vote matters alot
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The crypto derivatives market continues to grow stronglyAccording to the #DefiLlama platform, the total transaction volume for perpetual contracts on blockchain in Q2 and Q3 2024 reached an impressive $1.185 billion. The leading platforms were Hyperliquid (16.94%), dYdX (V3 and V4 versions) with a 14.37% share, and SynFutures with a 14.11% result. These 3 platforms have the largest market share, indicating the growing interest in decentralized open-ended contracts. Following the leaders are projects such as Jupiter Perpetual #exchange (6.7%) and Orderly Perps (5.52%). Despite the fact that they occupy a smaller market share, their rapid development and growing transaction volume confirm the high demand for such financial instruments in the decentralized space. Perpetual contracts allow traders to access long-term positions at minimal cost, which becomes an important factor in their popularity. Compared to traditional contracts, they do not have an expiration date, which allows for more flexible position management and do not depend on time frames. The growth in transaction volumes in this sector is also linked to a general increase in interest in decentralized financial products (DeFi). Innovations such as automated market makers (AMMs) and the development of smart contracts are making platforms more accessible to users with different levels of experience, which is contributing to the increase in #transactions . However, it is worth noting that despite these advances, the market still faces a number of challenges, including regulation and technical complexities such as liquidity and platform resilience. Nevertheless, success stories such as #Hyperliquid and $DYDX {future}(DYDXUSDT) show that with the right approach, it is possible to achieve significant results. According to experts, we can expect this segment to grow even more in the future. #ScrollOnBinance

The crypto derivatives market continues to grow strongly

According to the #DefiLlama platform, the total transaction volume for perpetual contracts on blockchain in Q2 and Q3 2024 reached an impressive $1.185 billion. The leading platforms were Hyperliquid (16.94%), dYdX (V3 and V4 versions) with a 14.37% share, and SynFutures with a 14.11% result. These 3 platforms have the largest market share, indicating the growing interest in decentralized open-ended contracts.

Following the leaders are projects such as Jupiter Perpetual #exchange (6.7%) and Orderly Perps (5.52%). Despite the fact that they occupy a smaller market share, their rapid development and growing transaction volume confirm the high demand for such financial instruments in the decentralized space.

Perpetual contracts allow traders to access long-term positions at minimal cost, which becomes an important factor in their popularity. Compared to traditional contracts, they do not have an expiration date, which allows for more flexible position management and do not depend on time frames.

The growth in transaction volumes in this sector is also linked to a general increase in interest in decentralized financial products (DeFi). Innovations such as automated market makers (AMMs) and the development of smart contracts are making platforms more accessible to users with different levels of experience, which is contributing to the increase in #transactions .

However, it is worth noting that despite these advances, the market still faces a number of challenges, including regulation and technical complexities such as liquidity and platform resilience. Nevertheless, success stories such as #Hyperliquid and $DYDX
show that with the right approach, it is possible to achieve significant results. According to experts, we can expect this segment to grow even more in the future.
#ScrollOnBinance
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