- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
A Whale Long Position in Gold Preference has been established on xyz:GOLD, with trading volume on Hyperliquid for this contract approximately 12 times that of PAXG.
BlockBeats News, February 3rd, according to HyperliquidOfficialData, in the platform's gold-related contracts, the trading activity of the synthetic asset xyz:GOLD is significantly higher than that of the physically anchored token PAXG. Its 24-hour trading volume is about 12 times that of PAXG, reaching $410 million, and the contract's open interest also reached $170 million, more than twice the open interest of PAXG. The specific data comparison is as follows:
PAXG (Paxos Standard, 1:1 backed by physical gold): 24-hour trading volume of about $34.5 million, open interest of about $77.7 million, supporting up to 10x leverage.
xyz:GOLD (Gold synthetic asset deployed by TradeXYZ via HIP-3): 24-hour trading volume of about $410 million, open interest of about $170 million, supporting up to 20x leverage.
In addition, Hyperliquid is significantly ahead of other platforms in the total open interest of gold contracts, but its trading volume is still significantly lower than that of Binance. The latter's PAXG contract has a trading volume of about $940 million in the past 24 hours, an open interest of about $154 million, supporting up to 75x leverage.
Furthermore, according to Hyperinsight monitoring, whether due to xyz:GOLD's or its lower overall cost, better order book depth, and other reasons, the whale positions currently longing with PAXG on the Hyperliquid platform are generally less than $4 million, while the long positions of xyz:GOLD are noticeably larger.
You may also like
Cardano (ADA) Price Review for February 3
Cardano’s ADA price dropped 1% in the last day, trading at $0.2999, amid a broader red zone for…
Ripple Participates in Critical White House Summit
Ripple joined key crypto firms and banking giants at a White House meeting focused on stablecoin regulation, highlighting…
SHIB Price Analysis on February 3
SHIB’s rate dropped 0.74% in the last 24 hours, showing bears still hold sway. Hourly chart reveals rising…
Crypto Market Review: Shiba Inu’s (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market?
Shiba Inu shows a green candle with volume spike after decline, hinting at potential recovery but not confirming…
Crypto Apocalypse Imminent, Expert Who Predicted 2008 Financial Crisis Warns
Nouriel Roubini predicts a full-blown apocalypse for the cryptocurrency market, claiming it lacks real use cases beyond crime…
Top 3 Meme Coins Price Prediction: Dogecoin, Shiba Inu And MemeCore Ahead of Market Recovery
Meme coins like Dogecoin, Shiba Inu, and MemeCore show recovery signs with price gains of 5.45%, 5%, and…
Trump Names Bitcoin-Friendly Kevin Warsh as Choice for Federal Reserve Chair
President Donald Trump nominated Kevin Warsh for Federal Reserve Chair, highlighting his pro-Bitcoin stance and policy experience. Warsh…
XRP Price Faces Slide to $1 Amid Slumping XRPL Metrics and Burn Rate
XRP price hit a low of $1.500 this week, marking its lowest point since November 2024, with a…
Cardano Price Prediction as the Upcoming CME’s ADA Futures Launch Nears
Cardano price trades under pressure, stabilizing below $0.30 after a decline, showing compression rather than new weakness. CME…
Jeffrey Epstein Invested in Bitcoin Firm Blockstream, Invited Founder Adam Back to Island
Adam Back confirmed Jeffrey Epstein’s investment in Blockstream via a 2014 seed round through Joi Ito’s fund at…
SEC Chair Paul Atkins to Create History as First Sitting Chair to Speak at The Bitcoin Conference in Las Vegas
SEC Chairman Paul Atkins will speak at the Bitcoin 2026 Conference, marking the first time a sitting SEC…
HYPE Price Outlook After Hyperliquid’s HIP-4 Rollout Ignites Prediction-Style Trading Boom
Hyperliquid’s HYPE token price jumped above $37 with a 20% gain, landing it in the top 10 cryptocurrencies…
Trump States Crypto Reserve Will Hold XRP, Solana, Cardano—And ‘Obviously’ Bitcoin and Ethereum
President Trump announced a U.S. strategic crypto reserve including XRP, Solana, Cardano, Bitcoin, and Ethereum to position the…
Strategy Stock ($MSTR) Reaches 52-Week Low As Bitcoin Craters Below $84,000
Strategy ($MSTR) stock hit a 52-week low of $140.25 amid a sharp Bitcoin price drop below $84,000, with…
Jeffrey Epstein’s Strange Bitcoin Connections
The US Department of Justice released new Epstein Files detailing Jeffrey Epstein’s ties to Brock Pierce, a key…
Moonbirds NFTs Now Soaring Again: What’s Behind the Price Surge
Moonbirds NFTs, launched in 2022 by Kevin Rose’s Proof, saw their floor price crash from double-digit ETH to…
The Best Airdrop Hunts of the Month: January 2026
This guide spotlights five promising tokenless protocols for early airdrop opportunities in January 2026, curated to help users…
Is It a Crypto Winter? Burry Says $50K, Tiger Says No
Michael Burry predicts Bitcoin could drop to $50,000, triggering mining firm bankruptcies and a collapse in tokenized metals…
Cardano (ADA) Price Review for February 3
Cardano’s ADA price dropped 1% in the last day, trading at $0.2999, amid a broader red zone for…
Ripple Participates in Critical White House Summit
Ripple joined key crypto firms and banking giants at a White House meeting focused on stablecoin regulation, highlighting…
SHIB Price Analysis on February 3
SHIB’s rate dropped 0.74% in the last 24 hours, showing bears still hold sway. Hourly chart reveals rising…
Crypto Market Review: Shiba Inu’s (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market?
Shiba Inu shows a green candle with volume spike after decline, hinting at potential recovery but not confirming…
Crypto Apocalypse Imminent, Expert Who Predicted 2008 Financial Crisis Warns
Nouriel Roubini predicts a full-blown apocalypse for the cryptocurrency market, claiming it lacks real use cases beyond crime…
Top 3 Meme Coins Price Prediction: Dogecoin, Shiba Inu And MemeCore Ahead of Market Recovery
Meme coins like Dogecoin, Shiba Inu, and MemeCore show recovery signs with price gains of 5.45%, 5%, and…
App