AM edition
issue generated 2026-09-24 14:10 UTC · data as of 2026-09-24 14:09 UTC
97 up · 81 down — 54.5% of markets up 24h
AM edition
issue generated 2026-09-24 14:10 UTC · data as of 2026-09-24 14:09 UTC
97 up · 81 down — 54.5% of markets up 24h
PM edition
issue generated 2026-09-24 18:32 UTC · data as of 2026-09-24 18:32 UTC
160 up · 18 down — 89.9% of markets up 24h
7-day: Infrastructure leads at +32.3%; Other lags at +8.3%.
Hyperliquid perps: 178 markets traded $9.6B in 24h volume against $12.6B of open interest; the median market moved 0.20%. Confirmed liquidations over the window: at least $6.8M across 5 bursts.
178 markets · $9.61B 24h volume · $12.65B open interest · median 24h +0.2%
Nillion printed a 30.79% surge on 10.44× volume and 157.07% funding, lifting the Infrastructure category 2.94%—the session’s widest outlier versus the 0.2% median. LayerZero also saw 3.53× volume. Category leads the 7-day leaderboard at 32.33%.
Litecoin led Layer 1 with a 17.33% jump on 3.48× normal volume while Ethereum Classic added 9.65%; the category posted a 1.43% gain against the 0.2% tape median. Funding sits at 11.14% with no flips recorded. No clear catalyst in the chatter.
Morpho rose 14.89% while Meteora fell 7.81% in a category whose median 24-hour change was 0.2%. Funding sits at 14.02% with no flips recorded. Trader chatter shows no repeated driver for the moves.
Ondo extended its run with a 19.51% advance on 90.37% funding as the category posted a 0.05% change, lagging the 0.2% median. BlackRock tokenized-portfolio news supplied the driver. Funding at 35.17% marks the highest among all groups.
OI-weighted funding +8.7% annualized at the issue clock — longs paying shorts.
Extremes: NIL +157% ann (longs pay) · AERO +122% ann (longs pay) · ONDO +90% ann (longs pay) · JUP -37% ann (shorts pay)
dogwifhat and Official Trump flipped from shorts_pay to longs_pay at 10.95% funding while SPX6900 dropped 9.21%; the category slipped 0.96% versus the flat tape. Two funding flips and a -1 streak frame the session. No clear catalyst in the chatter.
Render rose 7.12% against Venice’s 5.75% decline, splitting the AI group while the category fell 0.3% versus the 0.2% median. Funding sits at 13.67% with a -1 streak. No clear catalyst in the chatter.
Mantle rose 4.15% while Arbitrum fell 3.82%; the category closed at -0.02%. Starknet flipped from shorts_pay to longs_pay at 10.95%. Funding mean sits at 11% with a -1 streak.
Fusionist reversed from shorts_pay to longs_pay at 10.95% funding yet fell 7.19%, while Axie Infinity printed 3.51× volume on a 1.42% dip; the category slid 1.15% against the 0.2% median. Funding at 5.44% is the lowest across groups.
7-day confirmed liquidations $45.0M — longs $8.0M, shorts $37.0M (lower bound). Last 24h: $6.8M across 5 bursts — largest $2.3M in XRP longs.
24h return dispersion σ 4.68% across 165 markets.
Widest 7-day gap in Infrastructure: NIL +200.1% vs LINK +11.1% — 189pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, SAGA, VINE, ZEREBRO.
1 market excluded from this issue (unlisted in our registry or missing a week of candles) — excluded means excluded, never zero-filled.
Machine-written from venue data and machine-checked before publish; sections that fail checks are omitted, whole editions are withheld. Perpetual futures are high-risk, leveraged instruments — this is market reporting, not investment advice or a recommendation of any kind.
7-day: Infrastructure leads at +34.1%; Other lags at +12.7%.
Hyperliquid perps: 178 markets traded $8.4B in 24h volume against $12.9B of open interest; the median market moved 4.31%. Confirmed liquidations over the window: at least $2.3M across 1 bursts.
178 markets · $8.43B 24h volume · $12.88B open interest · median 24h +4.3%
Ondo rose 22.7% on 5.84× volume after regulatory and product catalysts. STBL held a 228.1% funding premium. Pons fell 5.14% with thin follow-through.
Plasma led Layer 1 with an 18.51% jump on unlock chatter while Litecoin climbed 18.37% on 4.57× normal volume. The category printed a second straight edition higher, outpacing the 4.31% median. Bitcoin Cash slipped 2.76% with scant explanatory flow. No clear catalyst in the chatter.
Morpho extended the DeFi advance, rising 11.23% and keeping the group on a two-edition winning streak. Lido DAO followed with a 9.72% gain while Meteora and Lighter eased fractionally. Volume stayed orderly and funding remained positive.
Official Trump flipped to longs-pay funding at 10.95% and rose 6.89%, anchoring the meme bid. Bonk (1000x) matched the move with a 6.51% gain. Open interest remains elevated relative to recent ranges.
OI-weighted funding +13.3% annualized at the issue clock — longs paying shorts.
Extremes: STBL +228% ann (longs pay) · NIL +113% ann (longs pay) · XPL +89% ann (longs pay)
Artificial Superintelligence Alliance climbed 12.75% while KAITO added 11.34%, keeping AI perps above the tape median for a second edition. Grass eased 1.08% on lighter turnover. Funding stayed positive across the group.
Nillion printed an 8.72× volume spike and 17.68% gain as funding hit 112.8%, the category’s second straight higher close. DoubleZero rose 13.62% after its Hyperliquid integration note. LayerZero slipped 3.43% despite positive settlement-layer chatter.
Layer 2 rose 3.20% over 24h against a 4.31% median move across the tape, extending a 20.59% 7-day advance. Optimism (OP) rose 6.70% on $1.5M of volume, with funding at 1.4% annualized as shorts pay longs.
Axie Infinity volume jumped 3.54× average as the token rose 3.48%, the sole material mover in gaming. Funding flipped to shorts-pay, the first such regime shift in the category this window. No clear catalyst in the chatter.
7-day confirmed liquidations $45.0M — longs $8.0M, shorts $37.0M (lower bound). Last 24h: $2.3M across 1 burst — largest $2.3M in XRP longs.
24h return dispersion σ 5.52% across 157 markets.
Widest 7-day gap in Infrastructure: NIL +180.9% vs LINK +14.1% — 167pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, SAGA, VINE, ZEREBRO.
1 market excluded from this issue (unlisted in our registry or missing a week of candles) — excluded means excluded, never zero-filled.
Machine-written from venue data and machine-checked before publish; sections that fail checks are omitted, whole editions are withheld. Perpetual futures are high-risk, leveraged instruments — this is market reporting, not investment advice or a recommendation of any kind.