According to CoinMeta, and as reported by the media, the trading volume of Binance’s ondo / USDT perpetual contracts soared by 9 times within 10 minutes, with a total trading volume of $112 million in the past 24 hours, representing a decline of 7.90%. 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. Currently, Binance’s contract rankings are at number 1 globally.