Sentora: Perpetual Contract Monthly Trading Volume Surpasses $1 Trillion for the First Time, On-chain Derivatives Achieve a Structural Leap

By: theblockbeats.news|2025/11/01 15:45:54

BlockBeats News, November 1st, Sentora released the weekly market report "Perpetual Contract Monthly Trading Volume Surpasses $1 Trillion, Fed Rate Cut: What Is the Future Direction of DeFi?," in which it stated:

Bitcoin's on-chain transaction fees saw a slight decline, dropping by 8.6% to $2.03 million. This indicates that the current BTC rally is more driven by spot accumulation rather than a surge in transaction demand. Seven-day net outflows from trading platforms reached as high as $20.6 billion, sending a strong bullish signal and indicating a strong accumulation trend in the market. Investors are transferring Bitcoin to their own accounts for long-term holding, thereby reducing spot supply.

The monthly trading volume of decentralized perpetual contracts has surpassed the $1 trillion mark for the first time. According to DefiLlama data, the 30-day perpetual futures trading volume is currently around $1.3 trillion (rolling data), with open interest of around $17.9 billion, marking a structural leap. On-chain derivatives are no longer a minor matter, and on-chain traders now have sufficient liquidity depth. Macroeconomic news is now rapidly disseminated through funds and open interest contracts rather than spot transactions.

The second rate cut of the year has been widely expected by the market since the policy shift in September. Historical experience shows that the biggest volatility in the cryptocurrency market often occurs when the policy is first adjusted, and the subsequent rate cuts tend to gradually weaken or even have a negative impact. Powell's refusal to guarantee continued loose policy in December was unexpected.

-- Price

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat

Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.