Perp DEX Volume Surges to $12 Trillion as Market Diversification Leads New Era
- Volume Surge: As of 2024, the cumulative trading volume on Perp DEXs has reached $12.09 trillion, nearly tripling since January, indicating significant maturation of the decentralized finance market and enhanced user adoption.
- Outstanding 2024 Performance: Of the total volume, 79% originated in 2024, with approximately $5.77 trillion occurring in the second half of the year, reflecting a marked increase in capital inflows and market participation.
- Intensified Market Competition: The emergence of new platforms like Astar and Lighter has fragmented market share, driving innovation and competition, which compels all platforms to continuously improve service quality and user experience.
- Technological Growth Drivers: Advances in layer-2 solutions and app-specific chains have reduced transaction costs, making high-frequency trading strategies viable on-chain, thereby attracting more traders from traditional finance backgrounds to participate.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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