Crypto Industry Shifts Focus to Perpetual Contracts

The crypto industry has undergone significant changes over the past decade, shifting from its initial focus on creating new assets to facilitating the trading of existing ones.

Perpetual contracts, or 'Perps', have emerged as a key innovation in this space. They allow users to trade assets with 24/7 liquidity and without the need for ownership.

This shift has led to a decline in the value of native crypto assets, such as altcoins, which are seen as too volatile and lacking in real-world anchors.

Instead, traditional assets like US stocks, gold, and crude oil have become more popular, with users seeking 24/7 trading and global liquidity.

The perpetual contract has also simplified the process of trading these assets by distilling demand to its purest form – price volatility.