Crypto
On-chain perpetual futures lead crypto derivatives market
On-chain perpetual futures are quickly dominating the cryptocurrency derivatives market, Cointelegraph reported on Dec. 29. Invaise researcher David Duong wrote on X that as a traditional altcoin season has faded, investors have turned from spot trading to leveraged perpetual futures. He said the structure, which allows high exposure with small capital, drew interest. On-chain platforms such as Aster and Hyperliquid led a surge in trading volumes, with Hyperliquid reaching $319 billion in July.
