DWF Labs: Equity RWA perpetual contract open interest surpasses commodity open interest for the first time in June.
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South Korean semiconductor stocks saw a pullback, but Gate SKHYNIX futures contracts remained among the top open interest in the sector.
According to ChainCatcher, Gate, the only platform exclusively supporting Korean stock trading, continues to enrich its global equity asset portfolio. Recently, the Korean semiconductor sector has experienced increased volatility, but market trading activity remains high. According to the latest data from the Gate platform, semiconductor leader SK Hynix reached a high of $1654.1 and a low of $1509.9 during today's trading session, currently trading at $1543.1, a daily decrease of 5.03%. According to CoinGlass data, Gate's SK Hynix (SKHYNIX) contract open interest exceeds $24.5448 million, ranking among the top in the industry.
RWA perpetual contract trading volume surpassed $100 billion for the first time in June, setting a new record.
PANews reported on July 8 that, according to Cointelegraph, DefiLlama data shows that RWA perpetual contract trading volume exceeded $100 billion for the first time in June, setting a new record.
Gold and silver rebounded before trading in a narrow range at high levels. Open interest for Gate XAU and XAG contracts both ranked among the top two in the industry.
According to ChainCatcher, the unexpectedly weak non-farm payroll data over the weekend reversed the weeks-long decline in gold and silver prices. On July 6th, gold and silver prices rebounded and then traded in a narrow range at high levels. According to Gate platform data, gold (XAU) is currently trading at $4165.04, down 0.26% in the last 24 hours; silver (XAG) is currently trading at $61.94, down 1.13% in the last 24 hours. Amid the pullback, trading in gold and silver related contracts has been active. CoinGlass platform data shows that Gate XAU contract open interest reached $155 million, ranking second in the industry, with a 24-hour trading volume of $47.5522 million; Gate XAG contract open interest reached $60.9402 million, also ranking second in the industry, with a 24-hour trading volume of $30.6943 million.
Coinbase launches perpetual contract trading competition in India with a top prize pool of 350,000 USDC.
PANews reported on July 8th that Coinbase has launched the "Coinbase Champions Cup: India" perpetual contract trading competition in India, with a total prize pool of up to approximately 350,000 USDC (approximately 330 million rupees). The prize pool will be unlocked in tiers based on the cumulative perpetual contract trading volume of all participating users; the current prize pool is 50,000 USDC. Participants must be legal residents of India, at least 18 years old, have opened a Coinbase Advanced perpetual contract account, and complete at least 100 USDC of trading volume in the designated competition account.
Bybit launches COSTUSDT perpetual stock contracts
According to Foresight News , Bybit has launched perpetual contracts with Costco Wholesale Corporation (COST). Trading is now open, with leverage up to 20x.
Ondo Perps has officially launched, becoming the first perpetual contract platform to support tokenized stocks as margin for derivatives.
ChainCatcher reports that Ondo Perps has officially launched and is now open to non-US investors. As the first perpetual contract platform to support tokenized stocks and stablecoins as collateral for derivatives, Ondo Perps aims to drive the on-chain derivatives market into a new era of capital efficiency. Its core advantages include: tokenized stocks as collateral, eliminating the need to maintain separate cash reserves across multiple platforms; market depth comparable to traditional finance, achieving extremely low spreads and slippage; and execution speed comparable to top-tier crypto CEXs, with real-time processing of order routing, margin updates, and settlement, while ensuring decentralization. Currently, Ondo Perps supports assets including stocks, indices, and commodities such as SPCX, MU, NVDA, TSLA, AAPL, gold, and crude oil, offering leverage up to 20x and providing 24/7 trading for global investors. Ondo Perps is built on Ondo Finance technology, with Ondo Global Markets providing the underlying tokenized stock infrastructure, and a total TVL exceeding $1 billion. Ondo Perps, as the next layer of the ecosystem, enables tokenized assets to not only remain in the holding stage, but also to function as collateral on a unified trading platform.