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Binance SNDK contract surpasses BTC and ETH in trading volume 


Binance SNDK contract surpasses BTC and ETH in trading volume 

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Binance's perpetual contract for the TradFi asset SNDK recorded over $7.38 billion in 24-hour trading volume, surpassing Bitcoin's $6.11 billion and Ether's $4.57 billion according to Binance market data. The surge on a CEX perp underlines rapid adoption and market impact of tokenized TradFi assets within crypto markets while highlighting concentration and liquidity risk for traders and DeFi/CEX infrastructure.

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SanDisk (SNDK) perp contract on Binance has surpassed two of the largest crypto assets, Bitcoin and Ether, in trading volume.  The TradFi asset SNDK attracted more than $7.38 billion in volume over the past 24 hours. During that period, BTC and ETH saw only $6.11 billion and $4.57 billion, respectively, according to Binance market data. ...
Read the article at CryptoPolitan

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