- MYX and WLD ranked 4th and 5th in derivatives trading volume.
- MYX short liquidations hit $42M on September 8.
- Both coins outperformed DOGE and XRP in contract activity.
In the past 24 hours, MYX and WLD trading volume has surged to new heights, outperforming some of the most recognized names in the crypto world. According to data from Laevitas, MYX recorded $10.58 billion while WLD followed closely at $10.8 billion in derivatives trading volume. These figures put the two tokens in the 4th and 5th spots, respectively, surpassing well-known assets like DOGE and XRP.
This massive volume surge reflects increasing trader interest and volatility in the markets. The growing momentum behind MYX and WLD could signal a shift in trader focus toward emerging or lesser-known assets with higher potential for short-term gains.
Liquidations Highlight Market Volatility
What’s even more striking is the liquidation data behind MYX’s trading activity. On September 8, over $42 million in MYX short positions were wiped out—a staggering 25.86% of all short liquidations across the market that day. Just one day later, on September 9, another $31 million in short positions were liquidated, accounting for 18.59% of total short liquidations.
These numbers underscore the heightened risk and reward environment traders are navigating with MYX. Short sellers in particular have been caught off-guard by the asset’s sharp price movements, leading to significant losses over a short period.
New Leaders in Derivatives Trading
The rise of MYX and WLD trading volume to the top of the derivatives market rankings is a sign that the crypto trading landscape is shifting. While DOGE and XRP have long held dominant positions, new players are stepping up as trading preferences evolve.
Whether this trend will continue remains to be seen, but for now, MYX and WLD are clearly the coins to watch in the derivatives space.
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