On-chain blockchain futures platforms have achieved a historic milestone, surpassing the $1 trillion trading volume mark in October. This surge marks a significant turning point for decentralized derivatives markets and signifies growing investor interest in these permissionless solutions. The recent market shakeup on October 10-11 accelerated this trend. Amidst sharp cryptocurrency drops, major digital asset exchanges witnessed forced liquidations exceeding $20 billion across both centralized and decentralized platforms. This rapid decline triggered a surge in futures trading volumes, with platforms like Hyperliquid seeing significant activity as investors seek out alternatives to the volatility of traditional markets.