Coinbase International's perpetual contract trading volume ranking has risen to fifth, surpassing Hyperliquid

According to The DeFi Report, in the past 30 days, Coinbase International's perpetual contract trading volume surpassed Hyperliquid, ranking fifth, and the turnover rate of open positions is 23 times that of Hyperliquid. However, some users believe that open positions are a more accurate indicator and question the transparency of Coinbase's perpetual trading volume in relation to the Maker incentive mechanism.