Skip to content
Bathymark

live · readings off the water

The Current

Not a price ticker. A stream of truthful observations, ranked by the dollars that actually moved, not the loudest percentage. Every reading is one click from the number behind it.

  1. Hyperliquid Perps is holding $9.14B of open interest, a large standing pile of leverage against the venue.perps · $9.14B open interest
  2. $4.93B left SSV Network this week, the pool -39.1% shallower on Ethereum.staking pool · now holds $7.66B
  3. Leverage is stacking on tradeXYZ: $3.03B of open interest, +10.1% heavier this week.perps · $3.03B open interest
  4. $2.18B drained off Ethereum this week, the chain -5.6% thinner.chain · now holds $36.97B
  5. /ethereum has 334.3K followers and 10 live cast interactions while $2.18B drained off Ethereum this week, attention sitting above thinning depth.farcaster · 334.3K followers, 10 live interactions
  6. Binance CEX is -1.3% thinner today, $1.73B headed for the exit.cex · now holds $132.83B
  7. Aster Perps is holding $1.68B of open interest, a large standing pile of leverage against the venue.perps · $1.68B open interest
  8. Sablier Lockup turned over $655.01M in DEX volume today, far above last week's pace.payments · DEX volume today
  9. Kalshi is carrying $1.11B of open interest, up +8.7% this week, leverage building while spot depth has not followed.perps · $1.11B open interest
  10. Variational is holding $992.13M of open interest, a large standing pile of leverage against the venue.perps · $992.13M open interest
  11. Lighter Perps shed leverage this week, $719.23M of open interest left after a 8.3% unwind.perps · $719.23M open interest
  12. A7A5 slipped 9875 bps below its RUB peg, $563.08M circulating.stablecoin · RUB peg
  13. $517.84M of liquidity flowed into Bitget this week, a +11.8% deepening.cex · now holds $4.90B
  14. Binance staked ETH is -8.1% thinner this week, $515.00M headed for the exit.liquid staking · now holds $5.81B
  15. Polygon Bridge is running +21.9% deeper this week on Ethereum, $492.01M of new capital.chain · now holds $2.74B
  16. AlphaQ turned over $240.73M in DEX volume today, +346.3% heavier this week.dexs · DEX volume today
  17. $466.37M left Lido today, the pool -3.2% shallower.liquid staking · now holds $14.20B
  18. $410.62M left EigenCloud this week, the pool -8.7% shallower on Ethereum.restaking · now holds $4.31B
  19. USYC is holding 1292 bps above its USD peg, $3.13B circulating.stablecoin · USD peg
  20. $356.11M left Bybit today, the pool -2.6% shallower.cex · now holds $13.29B
  21. Aave V3 thinned -2.8% today, $336.30M of liquidity drained out.lending · now holds $11.55B
  22. $329.42M drained off Bitcoin this week, the chain -7.7% thinner.chain · now holds $3.92B
  23. PancakeSwap AMM V3 turned over $647.36M in DEX volume today, -6.2% heavier this week.dexs · DEX volume today
  24. Tessera V turned over $158.46M in DEX volume today, +356.9% heavier this week.dexs · DEX volume today
  25. Base Bridge is -12.9% thinner this week on Ethereum, $304.75M headed for the exit.canonical bridge · now holds $2.05B
  26. BisonFi turned over $358.56M in DEX volume today, +84.3% heavier this week.dexs · DEX volume today
  27. USDY is holding 1381 bps above its USD peg, $2.16B circulating.stablecoin · USD peg
  28. USDA slipped 10000 bps below its USD peg, $270.84M circulating.stablecoin · USD peg
  29. $249.83M left Robinhood today, the pool -2.3% shallower.cex · now holds $10.56B
  30. $234.91M drained off BSC this week, the chain -4.5% thinner.chain · now holds $4.96B
  31. $234.11M left ether.fi Stake this week, the pool -8.2% shallower.liquid restaking · now holds $2.61B
  32. Kalshi turned over $444.88M in DEX volume today, +41.9% heavier this week.prediction market · DEX volume today
  33. $217.16M left Invesco USTB this week, the pool -25.6% shallower.rwa · now holds $631.39M
  34. Curve DEX thinned -13.7% this week, $196.48M of liquidity drained out.dexs · now holds $1.23B
  35. $190.69M drained off Solana this week, the chain -4.0% thinner.chain · now holds $4.62B
  36. $169.01M drained off Base this week, the chain -4.0% thinner.chain · now holds $4.04B
  37. /base has 481.1K followers and 5 live cast interactions while $169.01M drained off Base this week, attention sitting above thinning depth.farcaster · 481.1K followers, 5 live interactions
  38. $156.82M left Crypto-com today, the pool -7.6% shallower.cex · now holds $1.90B
  39. WBTC thinned -2.1% today, $147.99M of liquidity drained out on Bitcoin.bridge · now holds $6.81B
  40. Unit turned over $81.89M in DEX volume today, +600.0% above its weekly pace.bridge · DEX volume today
  41. $139.59M drained off Hyperliquid L1 this week, the chain -8.7% thinner.chain · now holds $1.46B
  42. World Chain thinned -22.0% this week, $129.72M of liquidity drained out on Ethereum.canonical bridge · now holds $460.67M
  43. $113.78M left Morpho Blue today, the pool -1.7% shallower.lending · now holds $6.53B
  44. Gate thinned -2.6% today, $112.92M of liquidity drained out.cex · now holds $4.18B
  45. Uniswap V4 deepened +12.0% this week, drawing $106.18M of fresh liquidity.dexs · now holds $994.13M
  46. USPD slipped 10000 bps below its USD peg, $98.93M circulating.stablecoin · USD peg
  47. $91.34M drained off Tron this week, the chain -2.0% thinner.chain · now holds $4.46B
  48. $90.91M drained off Arbitrum this week, the chain -7.0% thinner.chain · now holds $1.20B
  49. apxUSD slipped 2517 bps below its USD peg, $278.06M circulating.stablecoin · USD peg
  50. $65.25M drained off Polygon this week, the chain -5.9% thinner.chain · now holds $1.05B
  51. USDC-AERO on Aerodrome V1 is paying 40.4% APY on Base while its depth stays at $24.62M, more yield than the liquidity has answered.pool · 40.4% apy on $24.62M
  52. Orca DEX is paying 101.3% on SOL-USDC on Solana, a pool running hotter than its $22.62M of depth would suggest.pool · 101.3% apy on $22.62M
  53. Hyperliquid Perps earned $2.38M in fees today, +47.9% above its weekly pace.derivatives · fees today
  54. Ethena USDe earned $2.09M in fees today, +344.7% above its weekly pace.basis trading · fees today
  55. Chainlink Staking earned $1.16M in fees today, +600.0% above its weekly pace.services · fees today
  56. Fragment earned $1.03M in fees today, +69.8% above its weekly pace.nft marketplace · fees today
  57. Uniswap V3 earned $908.8K in fees today, +96.0% above its weekly pace.dexs · fees today

Readings are derived from open liquidity data and refresh through the day. They describe what moved, not what to do. See how we read the water.