Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.
Related
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.
Data: USDC leads USDT in stablecoin trading volume, with monthly trading volume hitting a new high.
According to Odaily from Visa's on-chain data platform, USDC has widened its lead over USDT in stablecoin trading volume in the first half of 2026. Data shows that adjusted stablecoin trading volume rose to $1.79 trillion in June, a 63% increase from May and a 125% increase from June 2025, setting a new record. Visa's statistics exclude non-real economic activities such as bot trading and internal exchange transfers. The total transaction volume of stablecoins reached $8.82 trillion in the first half of the year, exceeding the $5.8 trillion level for the whole of 2024, but still lower than the record $10.8 trillion in 2025. Structurally, USDC accounted for approximately 70% in the first half of 2026, while USDT accounted for approximately 25%, indicating a significant shift in market share towards compliant stablecoins. Analysis indicates that as banks and institutions increasingly use stablecoins for settlement and fund management, including institutions like Standard Chartered and BNY Mellon accelerating their integration into the USDC ecosystem, the stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)
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.
SpaceX's IPO drives record-breaking tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.
According to Odaily, driven by the buzz surrounding SpaceX's initial public offering (IPO), the tokenized stock market saw record trading activity in June, with on-chain transaction volume reaching $3.86 billion, a 145% increase from May. Of this, tokenized SpaceX stock accounted for $1.19 billion, representing approximately 31% of the total tokenized stock trading volume in June. Backpack Securities' SPCX token became the most actively traded SpaceX tokenized stock product, with a single-month on-chain transaction volume of $1.08 billion. Data shows that this round of growth was primarily driven by demand for SpaceX-related assets. SpaceX previously completed a record-breaking $75 billion IPO, valuing the company at approximately $1.8 trillion on a fully diluted basis. While traditionally popular assets such as Nvidia, Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) remained actively traded, none reached the market enthusiasm of SpaceX's tokenized shares. Furthermore, the total market capitalization of tokenized shares rose to $1.53 billion in June, a 6.64% increase from the previous month, marking the 15th consecutive month of growth. (CoinDesk)
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.
Midday Review: Shanghai Composite Index falls over 1%, dropping below 4000 points; Trading volume in both Shanghai and Shenzhen markets shrinks by over 570 billion yuan in the first half of the day.
According to Mars Finance, the market fluctuated and adjusted in the morning session, with the Shanghai Composite Index falling below the 4,000-point mark. The divergence between the yellow and white lines was obvious, with small and mid-cap stocks generally declining, and the micro-cap index falling by more than 3%. The combined turnover of the Shanghai and Shenzhen stock exchanges in the first half of the day was 1.63 trillion yuan, a decrease of 575.7 billion yuan compared to the previous trading day. Market hotspots were scattered, with over 4,700 stocks declining across the market. In terms of sectors, the semiconductor industry chain bucked the trend and strengthened, with semiconductor silicon wafer concepts performing actively, and Yanyou Silicon hitting the 20cm daily limit. The computing power chip concept fluctuated and rose, with Muxi Shares rising over 15%, and Wantong Development achieving two consecutive daily limits. The advanced packaging concept fluctuated and rebounded, with Dagang Shares and Huatian Technology hitting the daily limit. On the downside, the innovative drug concept fluctuated and declined, with Hainan Haiyao hitting the daily limit down. The non-ferrous metals sector weakened, with Huaxi Nonferrous Metals hitting the daily limit down, and Xiaocheng Technology, Hunan Baiyin, and many other stocks falling sharply. At the close, the Shanghai Composite Index fell 1.04%, the Shenzhen Component Index fell 1.02%, and the ChiNext Index fell 0.78%. (Cailian Press)