According to CoinMeta, Binance’s wld / USDT perpetual contracts saw a 20-fold surge in trading volume within 10 minutes, with a total trading volume of $257 million over the past 24 hours, representing a 11.25% increase. A surge in trading volume usually indicates increased market activity or large-scale capital transactions, which may be triggered by significant market changes or news announcements. According to media reports and data, Binance’s contract rankings have topped the global list.