Trading in DEEP has quieted significantly, with volume dropping roughly
↘45%
over the past week as participation thins out.
Market participation declining
The number of active traders dropped roughly
↘33%
over the past 24 hours to just 12 participants, while the price declined roughly
↘12%
over the past week in a quieter market environment.
Selling pressure outweighs buying interest
Sellers outnumbered buyers by roughly 1.33 to 1 over the past 24 hours, reflecting more people looking to exit positions than enter new ones.
Trading costs remain low
The cost to hold positions stands at around 4.4% annually, with funding rates holding near neutral levels over recent trading.
Diverging from Layer 1 peers
DEEP declined roughly
↘12%
over the past week while the broader Layer 1 category held relatively steady, moving less than
↗1%
over the same period.