Deri’s Trading Competition Recap #3
We finish another exciting week and there’s now less than 7 days left for the trading competition! Here’s a recap of what happened last week.
190 new users have traded on Deri, for a total of 517 traders since the start of the competition. This was the biggest week in terms of activity with 72% more new traders than week 2! The traded volume for week 3 was $6.7M resulting in a total volume of $28.1M.
It seems like nothing will be able to dislodge ETH as the most traded asset as it sits at the top with 823 trades, against BTC’s 564. Week 3, however, saw a lot more trading in the Inno Zone with assets like WIF (17 trades), SOL (6), ARB (5), and PEPE (4) making an appearance, and a record high of $21,200 traded last week! The market dip surely gave a few ideas to our lovely degens…
The total P&L for all the traders took a hit and now sits at -$19K, for an average of -$37 per trader, against -$25 last week. 55% of the trades were long vs 45% of shorts, a small change compared to previous weeks.
As for our leaderboards…
0x9a07…84ac just overtook 0x794c…b810 for the gold medal in P&L with +$368 against +$319. But positions 3 to 5 look to still be in the race, so we should see an exciting last week for the top prize!
ROI-wise, 0xa907…8798 leads with a +133% (note that only traders with a volume above $100 are eligible).
0x01ca…38f4 remains the top dog for the High Rollers prize with $17.6M traded but had a crazy week. During the dip, his shorts on ETH were paying dividends and had them sit at the top of every ranking with a P&L close to +$50K! However, the market’s rebound completely reversed the situation. Let’s see if the Big Short pays off in the end!
0x9a07…84ac also dominates the Inno Zone rankings with their +$368 P&L. Let’s see if they can make a double in a week!
That’s all for the stats! The competition ends in a week and you still have time to participate and win your share of the 15,000 USDC prize!
All the detailed leaderboards can be found here (refreshed every hour): https://deri.io/#/trading-leaderboards
Don’t forget that we also have a Galxe quest running for the competition with an additional 500 USDC in prizes! Join now at https://app.galxe.com/quest/DeriProtocol/GCx6Vtg9XC
Stay tuned for more!
About Deri Protocol
Deri, your option, your future!
Deri is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
