trading volume

Data: Last week, the large trading volume of SOL options on Deribit reached the second highest in history, with about 80% being put options

ChainCatcher news, according to CoinDesk, as the price of Solana (SOL) plummeted 46% to $160 over the past five weeks, large holders on the Deribit exchange are increasing their bearish options positions. Data shows that last week, the total amount of SOL block trades reached $32.39 million, accounting for nearly 25% of the total options trading volume of $130.74 million, marking the second highest level in history."Nearly 80% of the block trade volume is concentrated in put contracts. In contrast, during the same period, the put contracts for BTC were only 40%, and for ETH, only 37.5%," said Greg Magadini, Director of Derivatives at Amberdata. "This is far higher than the put ratios for Bitcoin (40%) and Ethereum (37.5%) during the same period.According to Lin Chen, Head of Business Development for Deribit Asia, Solana will face a significant unlock on March 1, with approximately 11.2 million tokens (worth about $2.07 billion) being released, accounting for 2.29% of the total supply, mainly from the FTX bankruptcy estate and foundation. This unlock size is about 59% of SOL's average daily spot trading volume, which could trigger market volatility. Meanwhile, since the issuance of the TRUMP token on January 17, the activity on the Solana ecosystem has significantly declined, with daily trading volume on decentralized exchanges (DEX) continuing to decrease, weakening SOL's upward momentum.

Data: In the past 7 days, NFT trading volume decreased by 35.15% month-on-month to $112.7 million, while the number of buyers and sellers both increased by over 500% month-on-month

ChainCatcher news, according to Crypto.news, based on CryptoSlam data, the NFT trading volume in the past 7 days has dropped to $112.7 million. This is a decrease of 35.15% compared to the previous week. However, market participation has significantly increased, indicating that despite the lower overall value, interest from new traders is rising. The number of NFT buyers surged by 624.41% to 203,994; the number of NFT sellers increased by 519.61% to 158,805; and the number of NFT transactions slightly decreased by 1.41% to 1,443,007.Ethereum network trading volume decreased by 41.25% to $56 million, while the number of buyers rose by 81.43% to 30,598. The Mythos Chain network ranked second with a trading volume of $13.9 million, an increase of 4.66%. The Solana network, despite a 32.56% decline, maintained its third position with $11 million. The Polygon (formerly MATIC) network performed strongly, ranking fourth with a trading volume of $8.1 million, an increase of 10.76%. The Bitcoin network fell to fifth place with a trading volume of $6.7 million, a decrease of 71.42%.The best-selling NFTs of the week are as follows:Uncategorized Ordinals #8912771: $7,749,449 (80.1296 BTC)CryptoPunks #2550: $331,955 (125 ETH)CryptoPunks #793: $146,683 (53.5 ETH)CryptoPunks #9634: $128,988 (47.5 ETH)CryptoPunks #9701: $122,883 (45 ETH)
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