Weekly trading volume for tokenized perpetual swaps, particularly those tied to commodities and equities, has surged to $30.7 billion. This represents a significant jump from 0.03% to 1.72% of the total crypto derivatives market by end-March.
Commodities led this growth, with oil trading alone reaching $6.9 billion in weekly volume following geopolitical tensions. Stock perpetual swaps saw a remarkable 908% increase, reaching approximately $4.9 billion.
The ability to trade these traditional assets around the clock, without expiry dates, is fueling the adoption of tokenized perpetual swaps. Current macroeconomic volatility has further acted as a catalyst for increased trading volumes.