Analyst: Crypto derivatives market growth driven by DeFi integration

Trading volume for perpetual futures on decentralized exchanges (Perp DEXs) has surpassed $1.2 trillion, signaling their emergence as a mainstream financial product, according to an analysis by David Duong, Head of Institutional Research at Coinbase. Duong noted that perpetual futures are evolving into a core component within DeFi, integrating organically with other protocols. He explained that their combination with lending protocols, for instance, enables a variety of strategic applications. Duong forecasts that these products will eventually expand to equities, becoming a prominent trading tool for retail investors.