• The transaction volume of FIL U perpetual contracts reached $4.92 billion in the past 24 hours, an increase of 160%.
• The liquidation amount of FIL U contracts in the last 24 hours was 7.88 million and open interest for them is at $293 million.
• Filecoin (FIL) is trading at $8.49 with a 24-hour trading volume of $1,525,364,923 and has a market cap of $3,3 billion.
Surge in Transaction Volume for FIL U Perpetual Contracts
In the past 24 hours, FIL U perpetual contracts recorded a substantial increase in transaction volume, reaching $4.92 billion. This surge in volume highlights the growing popularity of FIL U in the cryptocurrency market and investors are showing a growing interest in perpetual contracts offered by top crypto exchange platforms to benefit from market fluctuations without owning the underlying assets.
Open Interest & Liquidation Amount
The current open interest of the FIL contract is $293m and the liquidation amount reached 7.88m in the last 24 hours, indicating continued interest by traders. This trend reflects the expansion of product offerings by leading cryptocurrency exchanges and highlights the popularity of perpetual contracts in the investment community.
At the time of writing, the price of filecoin (FIL) is trading at $8.49 with a 24-hour trading volume of $1,525,364,923 and has a market cap of $3,3 billion; representing a 2.70% price decline in the last 24 hours and a 72.90% price increase over seven days prior to this article’s publication date on February 20th 2023 at 12:07 pm by Samuel Mbaki Wanjiku Altcoins Share Share on Facebook Share on Twitter Share on LinkedIn Share on Telegram Follow Us on Google News .
Continued Interest from Traders & Investors
The rising popularity of FIL U perpetual contracts is evident as traders look to capitalize on price movements; further bolstering its growth within cryptocurrency markets as well as generating significant interest from traders and investors alike who wish to benefit from rapid changes within cryptocurrencies since it offers an alternative way to gain exposure to financial markets without having direct ownership or custody over those assets itself — all while still being able to profit off them without needing to purchase them outright themselves first before doing so instead..
The recent surge in transaction volume and open interest for FIL U underscores its growth within cryptocurrency markets; demonstrating its potential as one out several viable options when looking into investing into digital currencies or taking advantage from their rapid changes that come with such investments too–all while still being able to profit off them without needing purchase them outright themselves first before doing so instead..