Just refreshed the latest data, I must chat with you all. DefiLlama shows that on December 23, the trading volume of mainstream perpetual contract DEX rebounded from the weekend low, even though liquidity was weak during the Christmas holiday, Hyperliquid still managed to rise to the top, achieving a trading volume of $6.18 billion in 24 hours! This data is not simple— the market hasn't flattened out; it's quietly gathering strength.
I previously judged that the crypto market would gradually warm up, and now the on-chain data directly confirms this point. A moderate rebound in trading volume indicates what? The foundation is still there, funds haven't run out, and after the holiday, it may become more active. However, we must not get too excited: TVL and open interest data show significant differences between platforms, short-term fluctuations are inevitable. My view is that market vitality is recovering, but we need to proceed cautiously and not blindly chase highs.
In summary, I will continue to closely monitor on-chain dynamics and news. Everyone should operate cautiously and seize opportunities together! Remember, the market always starts amidst doubt—let's speak with data, not guesswork. Follow me for more hardcore analysis coming your way!
