After the rapid collapse on October 11, several key indicators in the DeFi ecosystem experienced significant volatility. The perpetual decentralized exchange (Perp DEX) saw a sharp fall in open interest, from 26 billion USD to below 14 billion USD. Meanwhile, lending protocols recorded fees exceeding 20 million USD, setting a new record.
The weekly trading volume of DEX also reached an unprecedented level, exceeding 177 billion USD. Borrowing on cross-chain protocols fell sharply, dipping below 50 billion USD for the first time since August. Additionally, the staking yield of stETH temporarily increased above 7%, reflecting the volatility and strong liquidity flow in the DeFi market.
These events demonstrate that DeFi is a dynamic space, changing rapidly, both posing risks and opening up opportunities for traders, lenders, and stakers. The flash crash event on October 11th has prompted market adjustments, affecting investor behavior, borrowing-lending trends, and trading activities across many protocols.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
