Hyperliquid ($HYPE) Leads Top Derivatives Projects by Social Activity

LunarCrush, a platform that utilizes artificial intelligence (AI) to analyze digital assets such as cryptocurrencies, has unveiled the list of Top 10 Derivatives Projects based on social activity. Basically, Derivatives Projects are decentralized finance (DeFi) protocols that allow users to trade financial contracts, such as speculating on the future price of cryptocurrencies, without depending on a centralized intermediary.

Social Activity consists of Engaged Posts and Interactions. These two measures are used to check the Social activity of cryptocurrencies. Hyperliquid ($HYPE) leads the Top 10 Derivatives Projects by social activity. In this ranking list, Hyperliquid ($HYPE) dominates the market with 6.2K Engaged posts and 651.4K Interactions.

Simultaneously, Aster ($ASTER) is the runner-up in this race with 651.4K Engaged Posts and 389.5K Interactions. There is a difference of 1.7K in Engaged Posts between these Derivatives Projects, which shows that both are still in demand in the crypto market. Phoenix Group has released this news through its official X account.  

Jupiter ($JUP) and Avantis ($AVNT) Outperform in Interactions Despite Close Engagement Numbers

Jupiter ($JUP) and Avantis ($AVNT) got third and fourth position with 1.3K and 1.2K Engaged Posts, respectively. These Derivatives Projects show a small difference in terms of Engaged Posts, about 0.1K. While moving to Interactions, the difference got hype to 56.9K. So, ($JUP) stands with 96.1K, and ($AVNT) at 39.2K in Interactions, respectively.

Moreover, two more Derivatives projects got Posts in hundreds by social activity. In this, the first one is MYX Finance ($MYX), gained 698.0 Engaged posts and 36.9K Interactions. MYX Finance ($MYX) wins with the difference of only 20.0 to its nearest Derivative project, FTX Token ($FTT), in Engaged Posts. Further, the next one is FTX Token ($FTT), positioned itself with 678.0 Engaged Posts and 55.9K Interactions surviving in the market.

$GNS and $AEVO Dominate Interactions While WOO and SNX Trail Behind

Gains Network ($GNS) and Aevo ($AEVO) observed very close to each other in terms of Engaged Posts, with 558.0 and 408.0, respectively. So, the difference between these Derivatives projects is 150. But, they show a huge difference in terms of Interactions, which is about 4.7K, and in this way, ($GNS) is placed with 30.2K and ($AEVO) with 25.5K in Interactions.

In addition, there are two Derivatives projects that remained at the end of this ranking list. WOO ($WOO) and Synthetix ($SNX) got second last and last position, respectively. In this race, both Derivatives Projects got 372.0 and 306.0 Engaged Posts, and 25.0K and 8.2K Interactions, respectively.