AM edition
issue generated 2026-10-28 06:34 UTC · data as of 2026-10-28 06:34 UTC
161 up · 18 down — 89.9% of markets up 24h
AM edition
issue generated 2026-10-28 06:34 UTC · data as of 2026-10-28 06:34 UTC
161 up · 18 down — 89.9% of markets up 24h
PM edition
issue generated 2026-10-28 18:32 UTC · data as of 2026-10-28 18:32 UTC
66 up · 113 down — 63.1% of markets down 24h
7-day: Other leads at -3.7%; Layer 2 lags at -8.3%.
Hyperliquid perps: 348 markets (169 hip-3) traded $6.9B in 24h volume ($3.2B hip-3) against $15.6B of open interest ($4.1B hip-3); the median crypto market moved 2.22%. Confirmed liquidations over the window: at least $3.1M across 1 bursts.
348 markets (169 hip-3) · $6.90B 24h volume ($3.20B hip-3) · $15.62B open interest ($4.07B hip-3) · median crypto 24h +2.2%
XTEN surged 63.62% in pre-market trading on Hyperliquid, driving the Other category to a 9.13% reversal against its 7-day decline. Pons added 25.72% as the group took weekly leadership from Memes. Volume stayed light relative to open interest.
Initia led Layer 1 with a 14.93% jump that flipped its funding to shorts pay at -29.11%. The category rose 2.42% for a third straight edition, outpacing the 2.22% median while Zcash added 7.5%. Open interest remained capped at the top of the weekly range.
Renzo extended its funding extreme to -74.16% as the token climbed 9.76%. DeFi gained 2.03% for a fourth consecutive edition, matching the median advance. USD.AI rose 5.42% on Robinhood listing chatter while Ethena held flat.
Grass rose 7.87% on exchange listings and airdrop claims, lifting the AI category 2.65% for a second straight edition. Venice AI revenue traction and FET’s 4.82% gain supported the move while the group pared its 7-day loss.
OI-weighted funding +11.4% annualized at the issue clock — longs paying shorts.
Extremes: NIL -78% ann (shorts pay) · REZ -74% ann (shorts pay) · INIT -29% ann (shorts pay)
Cash Cat jumped 15.47% and Pepe (1000x) added 10.01%, reversing the category 3.86% higher for a third straight edition. The group lagged the 2.22% median and remained fifth in 24-hour volume rank.
Nillion flipped to shorts pay at -77.5% as the token slid 4.39%, the only decline inside Infrastructure. LayerZero and Chainlink rose 6.99% and 3.47% on bank-chain chatter, keeping the category 2.18% higher for a third straight edition.
MegaETH rose 9.57% while Starknet added 1.67%, lifting Layer 2 2.76% for a third straight edition. The category reversed its 7-day slide and finished above the 2.22% median despite thin catalyst commentary.
Gaming reversed 1.97% higher for a third straight edition, closing above the 2.22% median. No movers cleared the threshold and volume remained the lowest across categories.
7-day confirmed liquidations $52.4M — longs $49.2M, shorts $3.1M (lower bound). Last 24h: $3.1M across 1 burst — largest $3.1M in ETH shorts.
24h return dispersion σ 6.28% across 136 markets.
Widest 7-day gap in Layer 1: INIT +38.7% vs APT -16.4% — 55pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO.
3 markets 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 -7.0%; Layer 2 lags at -11.7%.
Perpetuals tape stayed mixed with 113 of 179 coins lower, median change -0.37%. Shorts paid on BLUR at -2371% annualized while total open interest slipped and short liquidations hit at least $7.7M.
348 markets (169 hip-3) · $6.80B 24h volume ($3.20B hip-3) · $15.76B open interest ($4.16B hip-3) · median crypto 24h -0.4%
Nillion fell 16.39% with funding at -121.52% annualized, the second-steepest short-pay rate on the tape. Chainlink rose 0.99% while the category slipped 1.08% versus a 0.37% median. Infrastructure held sixth in volume rank for a third straight edition.
Initia led Layer 1 with a 9.88% jump on 4.69× normal volume while the category slipped 0.16% against a 0.37% median. Funding flipped to shorts paying at -62.18% on INIT, the steepest extreme in the tape. The group ranked first in 24-hour volume for a fourth straight edition.
DeFi funding flipped to longs paying on Renzo at 10.95% as the sector fell 1.5% versus a 0.37% median. Morpho and Aave posted modest gains while CHIP and REZ slid more than 7%. The category held second place in volume rank for a second straight edition.
Blur surged 16.28% on 13.24× average volume while Pons rose 9% on 4.13× turnover, lifting the Other category 1.84% against a 0.37% median. Funding on BLUR hit -2371% annualized, the tape’s most negative rate. The group extended a four-edition winning streak in volume rank.
OI-weighted funding +9.6% annualized at the issue clock — longs paying shorts.
Extremes: BLUR -2371% ann (shorts pay) · NIL -122% ann (shorts pay) · INIT -62% ann (shorts pay)
Memes rose 0.29% versus a 0.37% median slip, taking weekly volume leadership from Other. kPEPE gained 8.59% on the largest single name turnover in the group. The category posted a fourth straight edition higher in volume rank.
AI names extended a seven-day slide, falling 1.82% against a 0.37% median. Venice dropped 7.49% while Bittensor edged 0.6% higher. The category slipped one spot in volume rank to fifth.
Layer 2 slipped 1.17% versus a 0.37% median, extending its weekly decline. MegaETH rose 4.27% while Starknet eased 0.71% amid chatter on a potential shift to an independent post-quantum chain. The category stayed seventh in volume rank.
Gaming edged 0.15% higher against a 0.37% median slip, a fourth straight edition of outperformance versus the tape. No movers cleared the threshold for inclusion. The category held eighth in volume rank.
7-day confirmed liquidations $60.0M — longs $49.2M, shorts $10.8M (lower bound). Last 24h: $7.7M across 1 burst — largest $7.7M in BTC shorts.
24h return dispersion σ 3.19% across 137 markets.
Widest 7-day gap in Layer 1: INIT +71.8% vs APT -18.4% — 90pp apart.
At open-interest cap: CANTO, FTM, JELLY, LOOM, RLB, VINE, ZEREBRO.
3 markets 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.