The daily trading volume of the NVDA-USDC perpetual contract on the decentralized Hyperliquid platform reached a record $2.14 billion, surpassing Ethereum, Solana and XRP. Across all tracked crypto exchanges, Nvidia derivatives generated $9.51 billion in trading volume. Liquidations tied to NVDA contracts amounted to $40.86 million, nearly twice the figure recorded for XRP, while the price of the base NVDA contract rose 5.6% to $171.17. Overall, 187,389 traders were liquidated for a total of $1.65 billion over 24 hours, with long positions accounting for 88% of the amount. Nvidia was scheduled to report its quarterly earnings on November 17.
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