Binance CEO Richard Teng highlights explosive growth in TradFi perpetuals, rocketing from 0.2% to 4.9% of overall TradFi futures volume in just 90 days. Crypto RWA perpetuals crush traditional markets, with silver peaking at 20.8% of COMEX volume and gold reaching 8.3%. This surge underscores how Binance's innovations in crypto RWA perpetuals eat into TradFi dominance, mirroring recent Bitcoin rallies that reshaped asset flows over the past six months. Data from Binance Research paints a clear picture: traditional futures face mounting pressure from these high-leverage plays, fueling debates on crypto market integration and TradFi futures volume shifts amid regulatory scrutiny.