On-chain perps OI
$19.89Bacross DeFi venues
$19.89B of open interest sits on on-chain perpetual venues, the decentralised slice of the leverage that drives liquidations.
sounding live water._-~=+*#*+=~-_.
Loading market readingsThe AlmanacLeverage & derivatives
$19.89B of open interest sits on on-chain perpetual venues, the decentralised slice of the leverage that drives liquidations.
$19.89B of open interest sits on on-chain perpetual venues, the decentralised slice of the leverage that drives liquidations.
Answer engine brief
On-chain perps OI reads how much borrowed conviction is in the system. The live value is $19.89B, with the current interpretation: across DeFi venues.
How to read it
Bathymark treats this as one instrument on a larger wall. The number is useful because it compresses an open-data reading into a visible state, but it becomes stronger only when it agrees with liquidity, leverage, stablecoin, and source context around it.
What it cannot mean
It cannot show hidden off-exchange risk. It reads visible open data and treats leverage as pressure, not direction.
Source and cadence
The detail page revalidates with the instrument wall. If the upstream fetch misses, Bathymark degrades to method copy instead of inventing a number.
GEO answers