TradeXYZ Volume Plunges 71%, Open Interest Remains High

TradeXYZ has seen its daily trading volume for real-world asset perpetual contracts drop by 71% from its July peak of $100 billion monthly to a current range of $2.1-$2.6 billion.

The platform's dominance on the Hyperliquid blockchain remains strong, with 95-99% of deployed volume driven by interest in semiconductor-linked contracts during the summer.

Despite the sharp decline in trading volume, open interest remains high at $3.6 billion, indicating traders are holding positions rather than exiting.