XPL: The New Frontier of Crypto Derivatives
XPL is the talk of the town with its recent leap to $1.826 billion in open interest. This isn’t just a number; it’s a sign that speculators are getting really interested, but it does make you wonder if this kind of growth can keep up without a hitch. Let’s unpack what’s going on with XPL, the risks involved, and how regulations are likely to play a part in its future.
A New Player in the Crypto Derivatives Space
This surge in open interest is a first for XPL, hitting $1.826 billion seems to have captured a lot of attention. To put it simply, Plasma’s ecosystem is heating up, and Binance and Bybit are at the center of it. Binance is the big dog in this scenario, holding onto $293 million, while Bybit isn’t far behind with $177…
