According to CoinMeta, Binance’s etc / USDT perpetual contracts saw a 64-fold surge in trading volume within 10 minutes, with a total trading volume of $201 million in the past 24 hours, representing a growth of 11.26%. A sharp increase 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 placed it at number one globally.