Tokenized perpetual swaps hit $31 billion weekly volume on commodities volatility

What Happened

Tokenized perpetual swaps trading volume surged to $30.7 billion weekly by March, representing 1.72% of crypto derivatives market, up from 0.03% in December. Commodities drove growth, with oil contracts reaching $6.9 billion weekly after U.S.-Israel strikes on Iran began February 28. Silver and gold saw historic rallies early in the year. Equity perpetuals grew 908% to $4.9 billion weekly volume.

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