Here’s how TradFi perpetuals carved out a larger slice of total derivatives volume. This is a plot of TradFi perpetuals volume as a share of total derivatives volume. TradFi perpetuals captured a steadily larger share of derivatives trading during Q2 2026, reflecting growing user demand for around-the-clock exposure to traditional assets. Although the share remained highly event-driven and exhibited significant day-to-day volatility, its underlying trend strengthened over the quarter. By late June, TradFi perpetuals consistently accounted for double-digit percentages of total derivatives volume, with several sessions exceeding 15%. The data indicates that TradFi perpetuals are evolving into a structurally important product category, expanding crypto exchanges’ addressable trading market beyond digital assets alone.