MYX and WLD Trading Volumes Surpass DOGE and XRP

Coinomedia2025/09/09 23:51

By:Aurelien SageAurelien Sage

WLD and MYX hit over $10B in trading volume, outpacing DOGE and XRP in the crypto derivatives market.Liquidations Highlight Market VolatilityNew Leaders in Derivatives Trading

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MYX and WLD ranked 4th and 5th in derivatives trading volume.
MYX short liquidations hit $42M on September 8.
Both coins outperformed DOGE and XRP in contract activity.

In the past 24 hours, MYX and WLD trading volume has surged to new heights, outperforming some of the most recognized names in the crypto world. According to data from Laevitas, MYX recorded $10.58 billion while WLD followed closely at $10.8 billion in derivatives trading volume. These figures put the two tokens in the 4th and 5th spots, respectively, surpassing well-known assets like DOGE and XRP.

This massive volume surge reflects increasing trader interest and volatility in the markets. The growing momentum behind MYX and WLD could signal a shift in trader focus toward emerging or lesser-known assets with higher potential for short-term gains.

Liquidations Highlight Market Volatility

What’s even more striking is the liquidation data behind MYX’s trading activity. On September 8, over $42 million in MYX short positions were wiped out—a staggering 25.86% of all short liquidations across the market that day. Just one day later, on September 9, another $31 million in short positions were liquidated, accounting for 18.59% of total short liquidations.

These numbers underscore the heightened risk and reward environment traders are navigating with MYX. Short sellers in particular have been caught off-guard by the asset’s sharp price movements, leading to significant losses over a short period.

According to Laevitas data, over the past 24 hours, WLD and MYX recorded contract trading volumes of $10.8 billion and $10.58 billion respectively, ranking fourth and fifth among all crypto derivatives, surpassing DOGE and XRP. On September 8, more than $42 million in MYX short…
— Wu Blockchain (@WuBlockchain) September 9, 2025

New Leaders in Derivatives Trading

The rise of MYX and WLD trading volume to the top of the derivatives market rankings is a sign that the crypto trading landscape is shifting. While DOGE and XRP have long held dominant positions, new players are stepping up as trading preferences evolve.

Whether this trend will continue remains to be seen, but for now, MYX and WLD are clearly the coins to watch in the derivatives space.

Read Also :

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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