DeFi· ★★★· neutral·

Solana's Cardboardtrade logs $1B daily volume, $564M in liquidations

  • —Average daily volume is roughly $1 billion
  • —Cumulative liquidations exceed $564 million
  • —Open interest stands at $38 million; total volume near $4.4 billion
  • —The protocol offers up to 1000x leverage on BTC, ETH and SOL
Why it matters: Leverage of up to 1000x on Solana raises the risk of cascading liquidations and draws regulatory scrutiny to perpetuals.
#SOL#BTC#ETH
Source: TokenPost
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