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TechFlow reports that on-chain data platform Arkham stated on X that the price of YFI has plummeted nearly 40%, with $50 million worth of open YFI positions liquidated on dYdX. Prior to this, dYdX accounted for almost half of YFI's total open interest. Typically, YFI sees little trading activity on dYdX, but the recent surge in price action drove open interest up to a peak of $60 million over the past few days.
On-chain data platform Arkham stated on X that the price of YFI dropped nearly 40%, resulting in the liquidation of a $50 million YFI open position on dYdX. Prior to this, dYdX accounted for nearly half of YFI's total open interest. Typically, YFI is rarely traded on dYdX, but the recent surge in price action drove open interest to a peak of $60 million over the past few days.
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