Gold Token Contract on Hyperliquid Sees 110% MoM Increase in Trading Volume

BlockBeats News, January 22, according to HyperInsight monitoring, in the past 24 hours, the gold-backed token PAXG's contract trading volume on Hyperliquid reached 47.9 million US dollars, ranking twelfth on the platform, a 110.82% increase compared to the previous period, with a contract open interest of 71.51 million US dollars, and the funding rate is currently 0.0013%.

During bullish market conditions, the funding rate is usually positive—longs have to pay funding fees to shorts.