Gold and silver futures hit top five by volume on Binance

Gold and silver futures jumped into Binance’s top five by volume within weeks of launch. Crypto remains on top, but metals are now in the first tier.

- CryptoQuant says cumulative metals volume hit “tens of billions” since Binance listed USDT‑settled perps, with gold at $2.15B and silver at $1.98B in current futures volume, placing 4th and 5th respectively. Source

- Crypto still leads. Bitcoin sits around the low‑$20B range. Ethereum is at $18.1B. Solana follows at $3.0B. Source

Oil joined the rush. On April 2, Binance’s USDⓈ‑margined crude perps posted strong day‑one prints: CL at $760M and BZ at $358M, ranking 3rd and 4th among TradFi perps. WuBlockchain

Metals still dominate that bucket. Gold and silver together did $5.58B in daily volume, over 70% of TradFi perp flow on Binance. Source

The shift is broader than Binance. Hyperliquid’s HIP‑3 (oil, gold, silver) open interest hit all‑time highs, and the DEX now trades more tokenized commodities than digital assets. NewsBTC

Liquidations followed. Tokenized Brent oil perps on Hyperliquid saw ~$46.6M liquidated in 24 hours, the third‑most liquidated asset on the venue. NewsBTC

Takeaway from CryptoQuant: Binance is still crypto‑native, led by BTC and ETH, but it’s no longer a pure‑crypto venue as commodities and equity‑linked products pick up flow. Source

Notes for traders:
- Metals perps rose to top‑5 while USDT collateral keeps them on crypto rails. Source
- A portion of derivatives capital is rotating into metals and stock‑linked contracts on Binance. Source