小捕手 Chaos|Nov 02, 2026 09:22
Congratulations to Entropy for surpassing the $100 million OI mark, becoming the second largest HIP-3 builder DEX.
Closely following trade[XYZ].
▌12 active markets VS 120 active markets
▌$100 million OI VS $4.1 billion OI The gap is significant, but the future looks bright.
How long did it take each platform to reach $100 million OI?
GMX took about 7 months;
dYdX took about 4 months, and that was driven by token incentives;
Entropy, through pure organic growth, only took 2 months.
However, there are also concerns hidden behind the data.
Entropy currently has approximately $111 million in 24-hour open interest (OI), but its structure is highly concentrated:
ANTH accounts for $80 million, a whopping 73%;
OAI, PRL, and NBIS each account for only a few million dollars;
SNDK has active trading, but its OI is not high.
The key to Entropy's continued growth lies in breaking away from its reliance on a single asset and expanding its OI from ANTH to more assets.
Still in its early stages.
https://pro.(entropy.io)/?r=chaos
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