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Binance leads Q1 2026 crypto derivatives with $4.9T volume; Hyperliquid joins top 10 amid rising perp DEXs.

Market News
03 Apr 2026
Cointelegraph
View Source
Neutral
pluang ai news

In Q1 2026, Binance dominated crypto derivatives trading with $4.9 trillion in volume, maintaining about 35% market share among the top 10 exchanges. Derivatives trading overall reached $18.6 trillion, vastly outpacing spot trading at $1.94 trillion. Meanwhile, decentralized exchange Hyperliquid broke into the top 10 by volume with $492.7 billion, reflecting growing interest in perpetual decentralized exchanges (perp DEXs). This shift highlights a market recovery and concentration at leading platforms, with decentralized venues gaining traction alongside established giants like Binance.

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Ethereum's staked market cap jumps 12% to $78B, leading the staking market amid mixed crypto performance.

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BNB Chain burns 1.61M tokens worth $932M, reducing supply to 133.16M BNB amid price rebound.

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