POPA Recon📈 Derivatives Volumes Soared as Markets Sold Off in Early June
📈 Derivatives Volumes Soared as Markets Sold Off in Early June Despite a weak market environment, derivatives activity expanded sharply in early June. The combined volume of the top 3 perp DEXs rose from $12.18B on June 1 to $23.95B on June 5, up +96.6%. Hyperliquid led the segment, growing from $7.78B to $16.34B. Meanwhile, the top 3 CEX futures venues increased volume from $111.3B to $201.5B, up +81.0%. Binance remained the clear leader, reaching $115.4B on June 5. Rising derivatives volumes suggest that volatility remained a key driver of trading activity across both DEX and CEX marke…
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