Blockworks

Perpetual futures trading in crypto began with crypto traders trading crypto assets.
However, now more than ever, this infrastructure is being used to power perpetual futures trading in TradFi assets.
In 2025, basically 100% of perpetual futures notional open interest was in crypto assets. Now, less than 16 months later, this asset category regularly represents less than 80% of sector-wide open interest.

Open interest on Trade[XYZ] just crossed $2B.
Open interest on Trade[XYZ] is up 793% since the start of 2026.

Geodnet saw its largest burn last week at $160k.
About 82% of newly minted GEOD tokens were offset by the burn, also a new high.

Total savings on Spark closed last week at an ATH of just under $22 billion.

Open interest on Jupiter Predict closed last week at an ATH of just under 2 million contracts.

Zcash shielded supply ended last week at an ATH of 5.15M $ZEC

DAS NYC agenda preview
The Comptroller's Take on Crypto & Banking with @USComptroller and @MikeIppolito_
March 24. Be there.

Over $3B of spot BTC is traded onchain weekly.
Six chains account for over 97% of this volume.
- Base 43%
- Ethereum 13%
- Arbitrum 12%
- BNB 10%
- HyperCore 10%
- Solana 9%

Helium Mobile active users have reached a new all-time high.
Around 3.5 million unique users have connected to a Helium Mobile hotspot daily, up 3x since November 2025.

Over 11% of Bitcoin's circulating supply is held by treasury companies and ETFs.