Markets· ★★· neutral·

Brazil Election Lifts EWZ Perpetual Volume to $52.8M in Hours

  • —Hourly EWZ perpetual volume jumped from $1M to $52.8M
  • —About $218M in EWZ trades executed between 19:00 and 00:00 UTC
  • —Pyth pricing data was used for 99% of the trades
Why it matters: The spike shows how emerging-market political events can instantly drive crypto derivatives activity and demand for real-time oracle data.
Source: Coinfomania
More on this
Macro · yesterday
Lula wins Brazil election as dollar seen at R$5.60, lifting Bitcoin price in reais
 Markets · yesterday
Brazil Election Upset Puts Prediction Markets Under Scrutiny as Lula Wins at 20% Odds
 Macro · yesterday
Lula's re-election sends Brazil's real down 10%, USDT trades at premium