CoinMarketCap

Commodity perps are telling a clear macro story right now 👇 CMC Research looked into the most traded commodity perps across all major CEXs, here are some interesting findings: 1. Binance’s Dominance Remains Undisputed Amidst Geopolitical Turmoil Binance remains the clear market leader, securing the majority of daily trading volume, signaling institutional and trader confidence despite market instability. 🔹Unshakeable Market Share: Throughout February, Binance commanded an average daily market share of 70.61%, critical for deep liquidity in a volatile, conflict-driven environment. 🔹Adjusted Volume Trend: While Binance's average daily volume (ADV) slightly declined by 10.4% in March (from $2.11B/day in Feb to $1.89B/day), the total volume drop across all major CEXs was steeper, suggesting a resilient core trading base for Binance. 2. The Iran Conflict is the Primary Driver of Volume Volatility and Contraction The market's performance directly reflects the instability caused by the Iran Conflict, which escalated at the very end of the February data period and continued into March. 🔹Sudden Volatility: energy commodities (oil) experienced dramatic price surge since the conflict started on 28th Feb. 🔹Market Contraction: The overall market’s ADV for all exchanges shows a drop from approximately $2.98B/day in February to $2.66B/day in the partial March period. 3. Most Traded Commodities: Precious Metals Dominate The RWA Perps-Commodities market is overwhelmingly dominated by Silver (XAG) and Gold (XAU). Top 2 Commodities: 🔹Silver (XAG): Total volume of approximately $107.50 billion. 🔹Gold (XAU): Total volume of approximately $73.19 billion. 4. Shift in Market Trading Activities (Feb vs. Mar 1-17) Massive Surge in Energy/Oil Trading: US Oil (USOIL) ADV soared by 21,176.87%, from $0.63 million (Feb) to $134.65 million (Mar), indicating a huge spike in oil speculation or hedging. Other oil/energy symbols (UKOIL, XTI, XBR) also saw major ADV increases, ranging from 3,244% to 10,192%. Industrial Metals See High Growth: 🔹Copper (COPPER) trading activity also experienced significant growth, with its ADV rising by 1,826.11%. Precious Metals were mixed with modest changes 🔹Gold's ADV rose 3.90%. Silver (the most-traded commodity) saw its ADV decline 9.41% in March. Palladium (XPD) experienced the largest drop among key commodities, with its ADV falling 43.60%.

LATEST: ⚡ Bybit has launched a yield-bearing product tied to Tether Gold, with users earning passive income on tokenized gold while keeping price exposure to the metal.

Why are Perpetual DEXs so popular? CMC Chats: Leonard, Founder & CEO of Aster "Perp is the ultimate trading tool, it's 24/7, it offers high leverage, and it has no settlement date." After several hype cycles, from dYdX to GMX to order books, the infrastructure is finally ready. Here's Leonard breaking down the evolution of the sector and why building a sustainable business model matters more than just hype.

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LATEST: ⚡ Animoca Brands has made a strategic investment in Ava Labs and will support Avalanche projects focused on RWAs and digital ID in Asia and the Middle East.

LATEST: 🏦 Morgan Stanley has updated its Bitcoin ETF filing, naming NYSE Arca as the listing venue, adding Fidelity as custodian, and disclosing the fund will trade under the ticker MSBT.

LATEST: 📈 BlackRock's staked Ethereum Trust has pulled in $254 million in AUM in its first week, with investors adding $146 million atop the fund's $100 million seed capital.

LATEST: 🚨 Hacked crypto token prices drop a median 61% within six months of a breach, with 84% ultimately failing to recover, according to Immunefi.

LATEST: 🏦 The European Central Bank is recruiting experts to help determine how a digital euro would work at ATMs and in-store payment terminals, targeting a potential 2029 rollout.

LATEST: ⚡ Opera has proposed swapping its cash payments from Celo for 160 million CELO tokens, which would give it roughly 27% of the token's circulating supply.

LATEST: ⚡ South Korea's People Power Party has introduced a bill to abolish a planned 22% crypto tax set to take effect in 2027, arguing it treats crypto investors unfairly.

The first AI Agent Town on @BNBCHAIN is officially live, and @CoinMarketCap is part of it 🏙️ AI agents can now access CMC for real-time crypto data as they operate ⚡ Built by @Unibase_AI 🤝 See you in town 👋

LATEST: 📊 US spot Bitcoin ETFs recorded $163.5 million in outflows on Wednesday, snapping a seven-day inflow streak, as BTC fell below $71,000.

Want the full breakdown of the latest meme coin news and market data? Stay informed, stay ahead: coinmarketcap.com/academy/articl… 7/7

⚡ Pump.​fun Leaned Into the Theme On March 13, Pump introduced “Tokenized Agents,” letting creators launch tokens tied to AI agents and route agent revenue into token buybacks. 6/7

RECAP: ⚡ Meme coins whipsawed this week, with $TRUMP and $FARTCOIN ripping as $PIPPIN plunged. Is more volatility in store? Read on for the latest. 👇🧵 1/7

LATEST: 📊 Retail investors have tripled their gold ETF purchases to around $60 billion over the past six months while institutional selling has accelerated since mid-November, according to BIS.