Binance has seen a significant surge in trading activity for its traditional finance (TradFi) perpetual contracts, with cumulative volumes surpassing $130 billion. According to data from CryptoQuant, this milestone is largely attributed to the strong demand for gold and silver.
The majority of TradFi perpetual contract trading volume on Binance has been driven by precious metals, specifically contracts tied to gold and silver. This trend suggests a sustained interest in these commodities among investors.