Gate held $379 million in RWA perpetuals open interest in late July, equal to 49.6% of the $763 million total across centralized exchanges. Its open interest was 2.2x that of the next-closest venue.
The snapshot showed a concentrated CEX market for RWA perpetuals. Open interest measures outstanding positions, not trading volume or whether those positions are net bullish or bearish.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJJMWqEP8iHsLYv-6x0mN1IdAabbZPvAAIzG2sbI4AgSKbpF2SIzvlrAQADAgADeQADPQQ)
Frequently asked questions
-
When was this RWA perps open-interest snapshot measured?
The snapshot covers late July.
-
What was the total RWA perps open interest across centralized exchanges?
The total was $763M across centralized exchanges.
-
How far ahead of the next-closest exchange was Gate?
Gate's open interest was 2.2x that of the next-closest venue.
-
What does open interest measure in this market?
Open interest measures outstanding positions, not trading volume.
-
Does the figure show whether RWA perp positions are bullish or bearish?
No. It does not show whether the outstanding positions are net bullish or bearish.
CryptoSlate
CoinTelegraph
Benjamin Cowen
Whale Alert