The volume of futures trading on centralized crypto exchanges decreased significantly in July. This figure has dropped to four trillion dollars. This value has become the lowest in the last thirty-one months. Peak volumes reached almost eleven trillion dollars in October last year. The current drop has interrupted a three-month period of gradual market recovery. The decrease in trading volumes affected absolutely all large centralized platforms. Binance Futures exchange has retained the status of the undisputed leader of this segment. This platform accounted for about a third of the entire futures market. Current indicators of open interest demonstrate significant activity of the largest players. Other major exchanges also hold significant shares of this market.

The activity of traders has partially shifted to modern decentralized platforms. The total volume of perpetual futures on such platforms decreased by twenty-one percent. This figure has reached five hundred and thirty-one billion dollars. A similar slowdown was observed in the regular spot segment. However, the market structure within decentralized exchanges has become more contrasting. Individual promising niches continued to steadily increase their volumes. Perpetual contracts for tokenized real assets have updated the historical maximum. The volume of this segment has reached one hundred forty-one billion dollars. Platforms without their own token have also shown excellent financial results. The competition between the leading decentralized projects is constantly increasing.

The Hyperliquid Futures platform has become the leader among decentralized derivatives. The daily volume of this site has exceeded five billion dollars. The Aster Futures project took the second place in terms of market share among decentralized derivatives. Lighter Futures platform is also among the clear favorites. The projects ApeX Omni and Variational Omni rounded out the list of leaders. Tokenized real assets attract the attention of new market participants. Traditional financial instruments are gradually being integrated into a decentralized environment. Market participants are closely monitoring the redistribution of liquidity between the platforms. Centralized exchanges continue to adapt their products to meet new demands. The cryptocurrency derivatives industry is undergoing an active structural transformation.

***

The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.