Tokenized perpetual swaps hit $31 billion weekly volume on commodities volatility
CoinDesk
Tokenized perpetual swap trading volume surged to $31 billion weekly as geopolitical tensions and market volatility drove interest in commodities and stocks.Summary
Trading in tokenized perpetual swaps linked to traditional assets experienced massive growth in the first quarter, reaching $30.7 billion in weekly volume. According to a BitMEX report, this surge represents 1.72% of the total crypto derivatives market, up from 0.03% in December. Commodities, particularly crude oil, gold, and silver, were primary drivers of this growth due to geopolitical tensions and price volatility. Additionally, equity-based perpetual swaps grew by 908% to $4.9 billion. These instruments are gaining popularity because they remove expiry dates, allowing for 24/7 trading access to traditional financial markets.
(Source：CoinDesk)