Core Insights - Binance has launched its first regulated perpetual futures contracts tied to traditional financial assets, specifically gold and silver, settled in USDT stablecoin [1][3][8] Group 1: Product Offering - The new product, named TradFi Perpetual Contracts, allows traders to access conventional assets 24/7 using a perpetual futures structure similar to that of crypto derivatives markets [3] - Initial contracts include XAUUSDT and XAGUSDT, which track the prices of gold and silver, with plans for additional pairs in the future [3] Group 2: Regulatory Framework - The perpetual futures are issued by Nest Exchange Limited, a Binance entity regulated by the Financial Services Regulatory Authority in the Abu Dhabi Global Market [4] - Binance is the first global digital asset platform to obtain a comprehensive set of licenses under the ADGM framework, enabling the listing of these contracts on a regulated basis [4] Group 3: Market Context - Perpetual futures differ from traditional futures as they have no expiry date and utilize funding mechanisms to maintain price alignment with the underlying asset [5] - The launch of TradFi perpetuals is part of a broader strategy by crypto exchanges to expand into traditional markets, reflecting a shift in trading activity beyond digital assets [5][8] Group 4: Market Trends - Recent API updates from Binance indicated preparations for stock-linked perpetual contracts, suggesting a strategy to bring traditional markets on-chain through derivatives [6] - There is a noted rotation in capital flows, with increased interest in equities and commodities as compared to previous cycles in Bitcoin [6]

Note: These represent the new perps markets that went live in Phantom between 12/16 and 12/22. ...

RT BSCN (@BSCNews)📈 Meet the platforms driving the perps scene on @SuiNetwork.We dive into...@bluefinapp@zofaiperps@navi_protocol's @astros_ag@AftermathFi@FlowX_financeGet up to speed before it's too late ⬇️https://t.co/s7YhdDIR07 ...

RT BSCN (@BSCNews)📈 Meet the platforms driving the perps scene on @SuiNetwork.We dive into...@bluefinapp@zofaiperps@navi_protocol's @astros_ag@AftermathFi@FlowX_financeGet up to speed before it's too late ⬇️https://t.co/s7YhdDIR07 ...

RT BSCN (@BSCNews)📈 Meet the platforms driving the perps scene on @SuiNetwork.We dive into...@bluefinapp@zofaiperps@navi_protocol's @astros_ag@AftermathFi@FlowX_financeGet up to speed before it's too late ⬇️https://t.co/s7YhdDIR07 ...

📈 Meet the platforms driving the perps scene on @SuiNetwork.We dive into...@bluefinapp@zofaiperps@navi_protocol's @astros_ag@AftermathFi@FlowX_financeGet up to speed before it's too late ⬇️https://t.co/s7YhdDIR07 ...

Core Insights - Hyperliquid has experienced significant outflows, with over $2 billion withdrawn since September, leading to a decline in its total value locked (TVL) and a sharp drop in the price of its native token, HYPE [1][6]. Group 1: Financial Metrics - Hyperliquid's TVL peaked at $2.79 billion on September 19 but has since fallen by more than 45% to $1.48 billion as of mid-December [2]. - In the thirteen weeks leading up to December 15, traders withdrew over $2 billion in USDC from Hyperliquid [2][6]. - The price of HYPE has decreased by nearly 40% in the month leading up to December 19 and is down approximately 58% from its all-time high in September [4]. Group 2: Market Dynamics - The decline in Hyperliquid's performance coincides with increased competition from alternative perpetual futures exchanges, which have attracted trading activity away from Hyperliquid [2][3]. - Aster and Lighter have surpassed Hyperliquid in trading volume, pushing Hyperliquid into third place in the market [3]. - The competitive landscape in the perpetuals market is becoming more dynamic, with liquidity shifting as traders seek better incentives across different platforms [4].

⚡️ NOW: Aster tops 24H perp volume rankings with $6.56B, followed by Lighter with $4.83B. https://t.co/HqRsFd7XfU ...

Solana 2026 will be the year of perps, predictions, and privacySP3 ...

(Intern note: Perps are extremely risky. I’m doing this for fun and chaos, not financial gain. Please don’t copy my “strategy”.) ...