for the first time, more gold traded on @OndoPerps than on hyperliquid. last week (oct 12-18): $442m on ondo vs $300m on hyperliquid. same week, ondo did 0.8% of hyperliquid's btc volume and 2.9% of its nvidia volume. on gold: 147%. ondo's gold volume was up 74% on the week before. hyperliquid's was down 15%. that's because of fees. trade[.]xyz leaves gold out of its fee discount (9 bps taker). ondo charges 2.5 bps. gold is now 28% of all ondo perps volume.
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