DEFI Mkt OI Byproto
DeFi
Open perpetual futures exposure, split across the largest on-chain venues.
Why it matters
To see where leveraged risk is concentrated between competing perpetual venues.
How it is built
Each series is one venue's open interest in dollars, for the largest venues over the past thirty days.
What to watch
Concentration matters here more than anywhere: when one venue holds most of the open interest, its outage or liquidation cascade becomes the whole market's problem.