Tokenized Perpetual Swaps

Tokenized perpetual swaps have surged to $31 billion in weekly volume, with commodities powering the rise. Contracts linked to silver, gold, and crude oil have seen sharp gains as price swings and geopolitical tension fueled demand.

The increase in volume is largely due to the surge in oil trading, which climbed to $6.9 billion in weekly volume after the US-Israel strikes on Iran started. This has led to a significant increase in round-the-clock oil trading volumes.

The next key event to watch is the release of the US crude oil inventory data, which could provide further insight into the state of the oil market and the potential for further price swings. If the data is positive, it could lead to increased demand for tokenized perpetual swaps and drive up their volume.