Onchain trading explodes with $972 billion in perpetual contracts
11h05 ▪
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Even when the crypto market temperature drops, some thermometers continue to show spectacular rises. Far from the media turmoil around bitcoin price or memecoin volatility, another segment of the industry charts its own course. Onchain perpetual contracts, discreet but formidable, explode in volume and usage. This less visible dynamic suggests that market balance no longer depends solely on speculation: it is now anchored in the very structure of DeFi.
In Brief
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