AM edition
issue generated 2026-10-24 06:33 UTC · data as of 2026-10-24 06:32 UTC
23 up · 155 down — 87.1% of markets down 24h
AM edition
issue generated 2026-10-24 06:33 UTC · data as of 2026-10-24 06:32 UTC
23 up · 155 down — 87.1% of markets down 24h
PM edition
issue generated 2026-10-24 18:33 UTC · data as of 2026-10-24 18:32 UTC
11 up · 167 down — 93.8% of markets down 24h
7-day: Memes leads at -2.7%; Layer 2 lags at -12.6%.
Perpetuals tape turned lower with 155 of 178 coins posting losses and median change at -2.92%. Total 24h volume reached $4.02B while open interest held $11.25B. Funding flipped negative on seven names including SOPH, INIT and ONDO.
342 markets (164 hip-3) · $6.26B 24h volume ($2.24B hip-3) · $15.20B open interest ($3.95B hip-3) · median crypto 24h -2.9%
Worldcoin dropped 14.38% after a token unlock and large exchange deposits, flipping funding to shorts paying longs at -14.43% annualized. Venice fell 5.83%, extending the category decline to -4.21% against the -2.92% median. AI open interest stands at $237.9M.
Initia rose 8.8% on 15.09× average volume after the chain halted. The move stood out against a -2.92% median and lifted Layer 1 volume to $3.60B. Funding flipped to shorts paying longs at -63.9% annualized. Category rank held at 1 for a second straight edition.
DeFi category volume reached $125.5M while the median 24-hour change was -2.92%. Renzo rose 5.13% on 3.86× average volume. Lighter fell 8.76% and Aerodrome Finance fell 8.21%.
Pump.fun fell 8.14% while Seeker rose 3.65%, keeping the category 24-hour change at -2.91% versus the -2.92% median. Volume totaled $88.8M with open interest at $199.7M. Category rank improved to 3 from 4 last edition.
OI-weighted funding +2.5% annualized at the issue clock — longs paying shorts.
Extremes: ALT -826% ann (shorts pay) · SOPH -382% ann (shorts pay) · GRAM -70% ann (shorts pay)
Cash Cat slid 8.19% as open interest rose while spot buyers stayed absent and leverage longs faced repeated liquidations. Fartcoin fell 8.08% on spot selling and forced long liquidations. Memes volume reached $64.8M, ranking the category 5 for a third straight edition.
AltLayer funding reached -826.44% annualized as shorts pay longs heavily, the most negative rate in the universe. LayerZero fell 5.12%, keeping Infrastructure 24-hour change at -0.91% versus the -2.92% median. Open interest sits at $145.3M.
Sophon funding flipped to shorts paying longs at -381.87% annualized while the token fell 7.75%. Starknet dropped 7.12%, extending the category decline to -3.68% against the -2.92% median. Layer 2 open interest totals $94.0M.
Gaming perps fell 1.99% against the -2.92% median, extending a second straight edition lower. Volume reached $2.0M with open interest at $7.1M. Category rank held at 8.
7-day confirmed liquidations $76.2M — longs $16.8M, shorts $59.5M (lower bound). Last 24h: $483.2K across 1 burst — largest $483.2K in GRAM longs.
24h return dispersion σ 3.49% across 156 markets.
Widest 7-day gap in DeFi: REZ +26.0% vs AERO -18.3% — 44pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, 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: Memes leads at -3.5%; Layer 2 lags at -12.4%.
Hyperliquid perps: 342 markets (164 hip-3) traded $6.1B in 24h volume ($758.5M hip-3) against $15.1B of open interest ($4.0B hip-3); the median crypto market moved -4.92%. Confirmed liquidations over the window: at least $39.3M across 7 bursts.
342 markets (164 hip-3) · $6.10B 24h volume ($758.5M hip-3) · $15.07B open interest ($3.96B hip-3) · median crypto 24h -4.9%
Animecoin jumped 22.83% as shorts covered amid extreme negative funding of -1264.23%, the steepest rate across all coins. Fartcoin fell 14.32% with a funding flip to -44.31% and a liquidation burst, while Cash Cat slipped 9.17%. The category’s mixed tape produced a 4.91% decline, in line with the broader market. No clear catalyst in the chatter.
Initia bucked the Layer 1 slide, rising 1.96% on 4.17× normal volume while flipping to positive funding at 10.95%. The rest of the group extended a second straight edition lower, ending the seven-day window at its low. The category’s 4.39% drop matched the tape median, indicating broad market pressure rather than sector-specific drivers. No clear catalyst in the chatter.
Renzo surged 12.49% on 3.88× average volume, the lone outlier in a DeFi complex that otherwise fell 4.77%. Ethena slid 11.52% after Arthur Hayes sold holdings and longs were liquidated on Binance. The category posted its second consecutive decline and sits at its seven-day low. No clear catalyst in the chatter.
Pons and Pump.fun extended the category’s second straight session lower, falling 9.87% and 7.43% respectively. The group’s 4.85% decline tracked the tape median, pointing to systemic rather than idiosyncratic pressure. Funding flipped from shorts paying to longs paying, yet open interest and volume remained unremarkable. No clear catalyst in the chatter.
OI-weighted funding +6.9% annualized at the issue clock — longs paying shorts.
Extremes: ANIME -1264% ann (shorts pay) · ALT -350% ann (shorts pay) · ZORA -181% ann (shorts pay)
Worldcoin led the AI group lower, sliding 13.31% on spot selling and long liquidations amid broad market weakness. The category extended its second straight decline, finishing the week at its low with a 6.33% drop. FET followed with a 6.48% loss. No clear catalyst in the chatter.
Zora and Nillion diverged from the Infrastructure tape, climbing 6.58% and 9.84% on a 16.49× volume multiple for Zora. Zora flipped to -180.58% funding after its mainnet launch and airdrop; Nillion gained on chatter around encrypted on-chain strategies. The category’s 2.41% decline was the mildest among peers.
Layer 2 fell 5.47% over 24h against a 4.92% median move across the tape, extending a 12.42% 7-day slide. Starknet (STRK) fell 8.38% on $11.1M of volume, with funding at 10.9% annualized as longs pay shorts. A 2nd straight edition lower for the category.
No report for this section this edition — the draft didn't clear our fact checks.
7-day confirmed liquidations $115.1M — longs $55.6M, shorts $59.5M (lower bound). Last 24h: $39.3M across 7 bursts — largest $11.4M in BTC longs.
24h return dispersion σ 4.11% across 162 markets.
Widest 7-day gap in Layer 1: INIT +20.0% vs TIA -21.4% — 41pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, 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.