coin-img-ETHETH+0.53%coin-img-BTCBTC-0.12%coin-img-UCNUCN+0.47%coin-img-SOLSOL-0.08%coin-img-XRPXRP-0.29%coin-img-USDCUSDC-0.03%coin-img-TAOTAO-5.18%coin-img-COAICOAI-7.92%coin-img-ETHETH+0.53%coin-img-BTCBTC-0.12%coin-img-UCNUCN+0.47%coin-img-SOLSOL-0.08%coin-img-XRPXRP-0.29%coin-img-USDCUSDC-0.03%coin-img-TAOTAO-5.18%coin-img-COAICOAI-7.92%coin-img-ETHETH+0.53%coin-img-BTCBTC-0.12%coin-img-UCNUCN+0.47%coin-img-SOLSOL-0.08%coin-img-XRPXRP-0.29%coin-img-USDCUSDC-0.03%coin-img-TAOTAO-5.18%coin-img-COAICOAI-7.92%coin-img-ETHETH+0.53%coin-img-BTCBTC-0.12%coin-img-UCNUCN+0.47%coin-img-SOLSOL-0.08%coin-img-XRPXRP-0.29%coin-img-USDCUSDC-0.03%coin-img-TAOTAO-5.18%coin-img-COAICOAI-7.92%

On-Chain Perpetuals Surpass $1T Monthly Volume, Open Interest at $17.9B

Decentralized perpetual contracts recorded monthly trading volume exceeding $1 trillion for the first time, with 30-day rolling volume reaching approximately $1.3 trillion and open interest at $17.9 billion, DefiLlama data show in Sentora's Nov. 1 market report. Exchange net outflows totaled $2.06 billion over seven days, while Bitcoin on-chain transaction fees declined 8.6% to $2.03 million. The report noted on-chain derivatives have achieved structural significance, with macroeconomic developments now propagating rapidly through funding and open interest rather than spot markets.
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