LAYER is quietly outpacing DeFi peers by roughly

↗6.50%

monthly while short sellers pay a premium in derivatives markets.

Mixed signals across trading activity

Selling pressure remained elevated with 2.43x more sellers than buyers over the past 24 hours, contrasting with the monthly category outperformance. This imbalance reflects short-term caution despite longer-term relative strength.

Short sellers paying elevated costs

Traders betting on price declines are paying extra costs, with negative funding rates at approximately -0.075% per 8 hours (around

↘55.9%

annualized). Overall trader interest edged down roughly

↘0.45%

over the past 4 hours.

Light trading volume persists

Daily trading volume reached approximately $642 over the past 24 hours combined with very low liquidity (0.00% of market cap), meaning larger trades could face higher costs and price impact.

Broader market context

Across the broader market, traders using borrowed money to bet on price increases got forced out 2.8x more than those betting on declines over the past 24 hours, providing context for current conditions.