According to Foresight News, the decentralized exchange Ostium co-founded by Kaledora recently shared the platform’s latest trading data. The data shows that the trading volume of commodities on the platform reached a new high this quarter, accounting for nearly 40% of the platform’s total trading volume, setting a record high.
Prices of traditional precious metals such as gold and silver have recently hit new highs, but trading activity in the cryptocurrency market has remained relatively subdued during the same period. Against this market backdrop, investors have shown unprecedented interest in new asset classes that can be traded on the blockchain.
Kaledora pointed out that the significant increase in the proportion of commodity trading directly reflects the growing demand for on-chain derivatives. This indicates that during cyclical adjustments in the crypto market, cross-asset trading has become a new traffic driver.
New Competitive Dimension for Decentralized Exchanges
This trend also signals a subtle shift in the competitive landscape of decentralized exchanges. As the share of commodity trading at commodity exchanges continues to rise, platforms are no longer solely relying on liquidity from crypto asset trading. Instead, they are expanding the range of tradable assets on-chain, creating a more diversified revenue structure, which could become a new direction for the future development of DEXs.
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Ostium's commodity trading volume reaches a new high, sparking renewed waves in the on-chain derivatives sector
According to Foresight News, the decentralized exchange Ostium co-founded by Kaledora recently shared the platform’s latest trading data. The data shows that the trading volume of commodities on the platform reached a new high this quarter, accounting for nearly 40% of the platform’s total trading volume, setting a record high.
Precious Metals Market Booms Drive On-Chain Trading Demand
Prices of traditional precious metals such as gold and silver have recently hit new highs, but trading activity in the cryptocurrency market has remained relatively subdued during the same period. Against this market backdrop, investors have shown unprecedented interest in new asset classes that can be traded on the blockchain.
Kaledora pointed out that the significant increase in the proportion of commodity trading directly reflects the growing demand for on-chain derivatives. This indicates that during cyclical adjustments in the crypto market, cross-asset trading has become a new traffic driver.
New Competitive Dimension for Decentralized Exchanges
This trend also signals a subtle shift in the competitive landscape of decentralized exchanges. As the share of commodity trading at commodity exchanges continues to rise, platforms are no longer solely relying on liquidity from crypto asset trading. Instead, they are expanding the range of tradable assets on-chain, creating a more diversified revenue structure, which could become a new direction for the future development of DEXs.