FIL U perpetual contract volume surges to $4.92b

In the past 24 hours, FIL U perpetual contracts recorded a substantial increase in transaction volume, reaching $4.92 billion. 

FIL U perpetual contracts have generated significant interest from traders and investors in the rapidly changing world of cryptocurrency trading.

In the past 24 hours, transaction volume for FIL U perpetual contracts has increased by an impressive 160% to reach $4.92 billion, putting it in second place for transaction volume behind only bitcoin and ethereum. This surge in volume highlights the growing popularity of FIL U in the cryptocurrency market.

Investors are showing a growing interest in perpetual contracts offered by top crypto exchange platforms, which allow them to benefit from market fluctuations without owning the underlying assets. As a result, the demand for FIL U perpetual contracts has surged, with traders looking to capitalize on price movements. This trend reflects the expansion of product offerings by leading cryptocurrency exchanges and highlights the popularity of perpetual contracts in the investment community.

The rising popularity of FIL U perpetual contracts is evident as the liquidation of FIL U contracts hit 7.88 million in the last 24 hours. Moreover, the current open interest for FIL U contracts is an impressive $293 million, indicating continued interest by traders. One contributing factor to the surge in transaction volume and open interest for FIL U could be the recent price increase. 

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. The value represents a 2.70% price decline in the last 24 hours and a 72.90% price increase in the past seven days. With a circulating supply of 390 Million FIL, filecoin has a market cap of $3,3 billion.

The recent surge in transaction volume and open interest for FIL U perpetual contracts underscores the growing interest in this cryptocurrency asset among traders and investors. With more and more traders looking to enter the market, it will be interesting to see how FIL U and other cryptocurrencies continue to evolve and capture the attention of investors.