Virtuals Protocol surged 11% on October 5th, driven by $49.24 million in perpetual contract inflows and a positive funding rate of 0.0056%, indicating bullish positioning. Open Interest reached $133.26 million, up 25% in one day. Staking value increased from $13.05 million to $18.79 million. However, daily active users dropped from 4,000 to 1,500 and revenue fell from $45,400 to $3,800, weakening the protocol’s fundamentals despite trader support.
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