PAXG contract 24-hour trading volume doubles, Hyperliquid funding rate analysis

PriceOracleFairy · 2026-01-22T03:32:12+00:00

Gold token PAXG performs outstandingly on the Hyperliquid platform, with a 24-hour trading volume of $47.9 million, an increase of 110.82%. The open interest is $71.51 million, and the funding rate is 0.0013%, indicating the market's optimistic outlook for PAXG.

PriceOracleFairy

2026-01-22 03:32:12

Abstract generation in progress

【Blockchain Rhythm】Gold token PAXG has been performing well recently on Hyperliquid. Data from January 22 shows that in the past 24 hours, the trading volume of PAXG contracts reached $47.9 million, ranking twelfth on the platform, a 110.82% increase compared to the previous day — a quite significant growth.

At the same time, the open interest of the contract is also substantial, currently reaching $71.51 million. From the funding rate perspective, the current quote is 0.0013%. What does this number indicate?

Generally speaking, when the market is bullish, the funding rate tends to be positive. This means longs need to pay shorts, reflecting market expectations of an upward trend. In other words, more people are optimistic about the future market and are willing to pay the cost to hold long positions. Based on PAXG’s current funding rate level, market sentiment remains relatively optimistic.

PAXG3,51%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
7
Repost
Share

Comment

0/400

SneakyFlashloan

· 23h ago

PAXG is on the rise again, with trading volume doubling directly. It's quite interesting. The 0.0013% fee rate indicates that the bulls are quite confident, but this fee rate isn't really a pressure; be careful not to get caught in a trap.

View OriginalReply0

AirdropHuntress

· 23h ago

Doubling trading volume sounds like a big move, but where does this data come from? I need to run the data myself to verify and analyze before making a judgment.

View OriginalReply0

SmartContractPhobia

· 23h ago

Wow PAXG, this is about to take off. Doubling trading volume, and the long fee rate is still so low. Feels pretty aggressive.

View OriginalReply0

GigaBrainAnon

· 23h ago

Is gold about to take off? Doubling trading volume overnight, this atmosphere feels a bit off...

View OriginalReply0

NFT_Therapy_Group

· 23h ago

A 110% increase, this trading activity is quite lively... But the funding rate is only 0.0013%, this is so smooth, it feels like the bulls haven't truly bottomed out yet.

View OriginalReply0

GateUser-cff9c776

· 23h ago

Gold tokens have doubled again? Come on, this is Schrödinger's bull market — when it rises, they say it's good for gold hedging inflation; when it falls, they change their tune and talk about scarcity premiums. A funding rate of 0.0013% really indicates optimism? Then my art investment portfolio must be a reincarnation of Da Vinci.

View OriginalReply0

DaoGovernanceOfficer

· 23h ago

ngl the funding rate here is basically screaming "everyone's long and nobody's worried" which... empirically speaking, is usually when things get spicy. 0.0013% sounds cute until it's not 🤓

Reply0