According to CoinMeta, Binance’s POL / USDT perpetual contracts saw a 39-fold surge in trading volume within 10 minutes, with a total trading volume of $20.74 million over the past 24 hours and a decline of 4.69%. A sharp increase in trading volume usually indicates increased market activity or large-scale capital transactions, which may be triggered by some important market changes or news announcements. According to media reports and data, Binance’s contract rankings are currently at number 1 globally.