Gold, Silver and Oil Drive 65,000% Jump in Commodity Perpetuals
Cointelegraph
Commodity perpetual swaps saw a 65,000% volume surge in Q1 2026, driven largely by investor demand for gold, silver, and crude oil exposure.Summary
A BitMEX report reveals that commodity perpetual swaps became the fastest-growing segment of TradFi perps in early 2026, with weekly volumes jumping over 65,000% to $25 billion. This surge was primarily fueled by trading in silver, gold, and crude oil, the latter of which saw significant interest due to geopolitical tensions in Iran. BitMEX CEO Stephan Lutz noted that these onchain derivatives allow traders to hedge against weekend geopolitical events in real-time, leveraging the 24/7 nature of crypto-native venues while traditional markets remain closed.
(Source：Cointelegraph)