π Binance Research: Onchain Leverage Ratio Returns to 2021 Levels as TVL Shrinks
According to Binance Research, April DeFi exploits triggered around $13 billion in outflows, sharply compressing total value locked (TVL) and pushing the onchain leverage ratio to around 38%, back to 2021 levels. The rise was not driven by a recovery in real borrowing demand, and meaningful deleveraging has yet to materialize despite the recent market pullback.
According to Binance Research, April DeFi exploits triggered around $13 billion in outflows, sharply compressing total value locked (TVL) and pushing the onchain leverage ratio to around 38%, back to 2021 levels. The rise was not driven by a recovery in real borrowing demand, and meaningful deleveraging has yet to materialize despite the recent market pullback.
π #HYPE #ETF
Spot HYPE ETFs attracted ~$153 million in net inflows and generated ~$900 million in total trading volume in the first month of trading.
Three products currently available on the market:
- THYP 21Shares
- BHYP Bitwise
- HYPG Grayscale
These products directly hold HYPE and distribute staking rewards among investors. BHYP and THYP account for the majority of trading activity, with 434 million HYPE held in staking, representing 45% of the staking.
Spot HYPE ETFs attracted ~$153 million in net inflows and generated ~$900 million in total trading volume in the first month of trading.
Three products currently available on the market:
- THYP 21Shares
- BHYP Bitwise
- HYPG Grayscale
These products directly hold HYPE and distribute staking rewards among investors. BHYP and THYP account for the majority of trading activity, with 434 million HYPE held in staking, representing 45% of the staking.
Forwarded from Crypto | Bitcoin | Ethereum | Altcoin | News
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π #XRP Leverage Ratio on Binance Hits Highest Level Since Early 2026
Leverage reaching its highest level since the beginning of 2026 could indicate growing trader confidence in the continuation of the short-term upward trend.
Leverage reaching its highest level since the beginning of 2026 could indicate growing trader confidence in the continuation of the short-term upward trend.