Market Overview
According to the latest data from DefiLlama, on February 9, 24-hour trading volume across major platforms remained generally low. During the weekend period, trading volume on most platforms failed to exceed $4 billion. Market capital appears to be reducing exposure as investor sentiment turns cautious.
Platform Data Snapshot
Despite the overall market slowdown, Hyperliquid maintained its position as the top platform by trading volume with approximately $3.77 billion in 24-hour volume. However, its open interest has now dropped below the $5 billion threshold, currently standing at $4.86 billion, with TVL around $4.18 billion.
- Aster: $2.57 billion 24-hour volume, $1.08 billion TVL, $1.87 billion open interest
- EdgeX: $2.35 billion 24-hour volume, $183 million TVL, $927 million open interest
- Lighter: $1.76 billion 24-hour volume, $940 million TVL, $719 million open interest
- Apex: $1.22 billion 24-hour volume, $39.96 million TVL, $120 million open interest
- Pacifica: $874 million 24-hour volume, $38.99 million TVL, $46.78 million open interest
Trend Analysis
In the current market environment, investors are demonstrating more conservative behavior, with both trading volumes and open interest showing a downward trend. Notably, while Hyperliquid maintains its leading position, the continuous decline in open interest may indicate a reduction in market participants' risk appetite.