Key Takeaways:
On September 23, total on-chain perpetual futures volume hit a record $51.3 billion.
BNB Chain contributed $21.5 billion, surpassing Hyperliquid’s activity.
Leading protocols driving the surge include Aster, MYX Finance, PancakeSwap Perps, and HoldStation DeFutures.
BNB Chain has cemented its leadership in the on-chain derivatives market, with perpetual futures trading volume reaching $21.5 billion on September 23, according to the BNB Chain dashboard.
The milestone came as total on-chain perps trading surpassed $50 billion for the first time, underscoring rising demand for decentralized derivatives platforms.
BNB Chain’s performance not only outpaced rival Hyperliquid but also showcased the ecosystem’s depth, with Aster, MYX Finance, PancakeSwap Perps, and HoldStation DeFutures emerging as key liquidity hubs.
Analysts suggest the record surge reflects both strong retail adoption and growing institutional interest in decentralized futures products, positioning BNB Chain as a frontrunner in the evolving perps market.
