The three storage giants' on-chain contracts have rebounded over 20% from their lows, yet trading volume and open interest continue to contract.

November 12 - According to TradingBeats monitoring, using the November 6 low point Beijing time as reference, as of this morning, the mapped contracts for Micron, SanDisk, and SK Hynix Korean stocks on Hyperliquid have rebounded approximately 22.9%, 22.1%, and 21.3% respectively.

The 24-hour trading volume for all three contracts has declined compared to the 24 hours before their respective lows, and the notional open interest (OI) has also contracted across the board.

Micron's 24-hour trading volume dropped from approximately $462 million before the low to $192 million, with notional OI falling from $181 million to $161 million;

SanDisk's trading volume dropped from $585 million to $261 million, with OI falling from $169 million to approximately $99.5 million, a decrease of about 41%;

SK Hynix's trading volume dropped from $740 million to $447 million, with OI falling from $348 million to $315 million.