According to CoinMeta and on-chain analyst Ashes, a report from rootdata indicates that stock derivatives are rising from being a novelty in the crypto market to becoming one of the core drivers of growth. The data shows that the trading volume of stock derivatives in the RWA perpetual contract market reached 3.16 trillion US dollars, with stocks accounting for over 60%, and in recent months, this proportion has even exceeded 80%. The report compares data from four platforms: Binance, OKX, Bitget, and Bybit. Binance is currently the center of liquidity, holding 61.3% of the market share, while Bitget ranks second with 19.5%. Bitget has the largest number of listed stock contracts, totaling 298, and its ±2% weighted depth accounts for 24.2% of the four platforms, which is significantly higher than OI's share of 16.3%, demonstrating its emphasis on stock asset coverage and liquidity.