Open Interest Hits All Time High - Kaiko Research: Data Debrief

Date 10/10/2022

Price Movements: BNB, the native token of Binance Smart Chain, is down 8% following a $100mn hack.
Market Liquidity: Sushiswap's market share vs. Uniswap hit all time lows of just 1% in September as new Head Chef takes over.
Derivatives: Open interest on Binance has surged to all time highs, although funding rates remain firmly neutral.
Macro Trends: The GBTC discount widened to 36%, with the fund's share price now underperforming BTC by 9% YTD.

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