A sign of a real perps user base is the OI relative to the actual volume
This is how to spot wash-trading
A good example is @reya_xyz:
> $739m in 24hr vol > $20m OI > 36.95 Volume-to-OI
whereas @paradex has:
> $825m in 24hr vol > $388m OI > 2.12 Volume-to-OI
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A sign of a real perps user base is the OI relative to the actual volume
This is how to spot wash-trading
A good example is @reya_xyz:
> $739m in 24hr vol
> $20m OI
> 36.95 Volume-to-OI
whereas @paradex has:
> $825m in 24hr vol
> $388m OI
> 2.12 Volume-to-OI