Since March, there has been a significant increase in the notional open interest of NFTPerp, exceeding 1500 ETH and maintaining that level throughout the month, despite a slight decline towards the end of March. In April, it bounced back and peaked at 2493 ETH on April 21. From then on, the platform has been consistently maintaining a daily notional open interest of over 2250 ETH.

Compared to DeFi platforms like GMX’s ETH-USD perp, which records a daily notional open interest of 67K ETH, NFT perps are still in their early stages of development and have a lot of potential for growth in terms of adoption and popularity.