The inflow transactions of altcoin on Binance surged to approximately 34,000 on April 2, marking the highest level in nearly three months. However, this surge seems to have occurred almost entirely on a single trading board, raising questions about what factors triggered it.

Unlike the general surge of altcoins that often occurs simultaneously across multiple platforms, this activity has not been evident on Bybit, Coinbase, or OKX. This separation indicates that there are specific factors from Binance rather than overall market demand.

Crypto traders are shifting from Altcoin to investments in oil and gold.

CryptoQuant analyst Maartunn detected this anomaly in a recent analysis, stating that just one day before the influx surged, Binance launched futures contracts linked to commodities such as natural gas and WTI crude oil.

These contracts have joined gold and the genuine perp silver contracts that Binance launched since January 2026.

This indicates that the same group of traders who previously traded altcoins may be shifting to invest in TradFi assets such as stocks and commodities. This shift suggests that the reason may stem from moving trading from altcoins to trading in TradFi, as analysts suggest.

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RWA Perp is gaining popularity in the TradFi market

Data from Binance Research also supports this trend. Over the past 90 days, the average ratio of RWA perp volume on Binance compared to major TradFi futures has surged from 0.2% to 4.9%.

The volume of gold perp increased from 0.4% of COMEX in January to 3.6% in April, peaking at 8.3% within a single day. Meanwhile, genuine silver averages around 13.6% of COMEX volume and briefly surged to over 20%.

Stock-linked contracts are also starting to gain more popularity, with Circle (CRCL) having a daily trading volume on the NYSE at 12.1%, while Strategy (MSTR) is at 2.7%, and Tesla (TSLA) has a trading volume of 0.5%.

Energy is the latest group entering the market, with WTI at 2.3% and Brent at 1.0%. In comparison, gold itself had similar numbers in January. In the following two months, the numbers increased tenfold. This should be closely monitored, Binance Research said.

This increasing interest is even more evident when looking at the skyrocketing activity in the HIP-3 market of Hyperliqiuid. This trend shows that traders born in the crypto world are not backing down but are shifting their focus towards macro assets and traditional assets instead.

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