PANews reported on October 13th that according to Zack , an on-chain data analyst at Galaxy , despite a sharp decline in perpetual swap open interest ( OI ), on-chain open borrowing saw only a slight decline. After hitting a record high of $ 43.82 billion on October 7th , on-chain open borrowing fell to $ 38.6 billion as of October 12th , a decrease of $ 5.22 billion, or 11.91% .PANews reported on October 13th that according to Zack , an on-chain data analyst at Galaxy , despite a sharp decline in perpetual swap open interest ( OI ), on-chain open borrowing saw only a slight decline. After hitting a record high of $ 43.82 billion on October 7th , on-chain open borrowing fell to $ 38.6 billion as of October 12th , a decrease of $ 5.22 billion, or 11.91% .
Data: On-chain borrowing has only fallen 11.91% from its peak
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PANews reported on October 13th that according to Zack , an on-chain data analyst at Galaxy , despite a sharp decline in perpetual swap open interest ( OI ), on-chain open borrowing saw only a slight decline. After hitting a record high of $ 43.82 billion on October 7th , on-chain open borrowing fell to $ 38.6 billion as of October 12th , a decrease of $ 5.22 billion, or 11.91% .
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