YB's trading contract activity is drawing attention as funding rates held steady at approximately 0.01% while the asset works through its monthly
↘20.53%
decline.
Trading activity shows mixed signals
Funding rates remained at approximately 0.01% (around 10.8% annual rate) while trading volume declined roughly
↘12.37%
over the past 24 hours, and market-wide short liquidations outpaced long liquidations by 1.5x.
Longer-term picture remains challenging
The asset declined roughly
↘20.53%
over the past month and roughly
↘94.38%
over the past year, trailing DeFi category peers by approximately
↘34.80%
monthly.
Supply structure shows dilution risk
Only 13.2% of maximum supply is currently circulating, with the fully diluted market cap standing at 7.6x the current market cap, indicating significant future dilution potential.