• Perpetual futures on stocks, ETFs, indices, gold and oil grew to 23.5% of perpetual volume on major crypto exchanges.

• About $778 billion of these contracts traded in August, with Binance handling about 55% of the volume.

• On Hyperliquid, markets tied to traditional assets now trade 85% as much as the venue’s own Bitcoin contract.

Bitcoin (BTC) fell to $80,000 on Saturday as traditional financial assets including stocks, ETFs, indices, gold and oil are capturing a larger share of trading activity on crypto exchanges. Perpetual futures tied to these assets made up 23.5% of volume in August, up from just 0.5% in November of last year, according to a report by Glassnode and Fasanara Digital.