CRYPTO PERPS CHALLENGE TRADFI DOMINANCE
Binance’s crypto-native RWA perpetuals are rapidly gaining ground on traditional futures markets. In just 90 days, volume surged from 0.2% to 4.9% relative to TradFi benchmarks.
The shift is most visible in commodities. Silver perps reached as high as 20.8% of COMEX volume, while gold hit 8.3%, signaling growing liquidity in onchain derivatives tied to real-world assets.
This trend highlights a structural change. Traders are increasingly choosing crypto rails for exposure to traditional assets, driven by 24/7 markets, leverage, and lower friction.
If this momentum continues, pricing power could begin shifting away from legacy exchanges toward crypto platforms.
Are we watching the early stages of TradFi liquidity migrating onchain?
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