Tokenized perpetual swaps volume hits $31 billion

Trading volume for tokenized perpetual swaps surged to $31 billion weekly, representing 1.72% of the crypto derivatives market. Commodities, particularly oil, led this growth due to geopolitical tensions, with oil trading reaching $6.9 billion weekly. Stock perpetual swaps also saw a significant increase, growing 908% to approximately $4.9 billion. This rise is attributed to the appeal of 24/7 trading access to traditional financial markets amid macroeconomic volatility. Perpetual swaps, which lack expiry dates and use funding rates to maintain price alignment, are increasingly favored by investors seeking continuous market participation.