Blockchain Futures Trading Hits $1 Trillion Milestone, Reflecting Shift Towards Decentralization

In a groundbreaking development for decentralized finance (DeFi), blockchain-based on-chain futures platforms have surpassed the $1 trillion trading volume mark in October. This significant jump from $739 billion in September reflects a surge in interest and activity within decentralized derivatives markets, as reported by DefiLlama. The market volatility witnessed on October 10-11 played a crucial role, with major cryptocurrencies experiencing sharp downturns leading to $20 billion worth of forced liquidations across various exchanges.