According to @GreeksLive, total notional block trading volume reached $367,904,458 from September 8 to 14, with $280.9M executed on Deribit and $87.0M on OKX. Source: @GreeksLive on X, Sep 15, 2025, https://twitter.com/GreeksLive/status/1967458377245622353 Based on these figures, the week averaged roughly $52.6M in notional per day across venues, indicating robust large-size activity for the period. Source: @GreeksLive on X, Sep 15, 2025, https://twitter.com/GreeksLive/status/1967458377245622353 Venue share for the week was 76.3% Deribit and 23.7% OKX, showing a concentration of reported block flow on Deribit during this window. Source: @GreeksLive on X, Sep 15, 2025, https://twitter.com/GreeksLive/status/1967458377245622353 A recap of the top 5 block trades is available via greeks.live for transaction-level review of size and timing. Source: @GreeksLive on X, Sep 15, 2025, https://twitter.com/GreeksLive/status/1967458377245622353; https://greeks.live

According to @MilkRoadDaily, Binance BTC futures have recorded about $700 trillion in cumulative trading volume—roughly six times global GDP—making it one of the most actively traded markets globally (source: @MilkRoadDaily). For traders, this scale indicates deep liquidity and high turnover in BTC perpetuals on Binance, supporting tighter spreads but also faster move propagation during volatility (source: @MilkRoadDaily).

According to @phantom, Hyperliquid closed the previous month with more than $5 billion in perpetual futures trading volume and achieved all-time-high open interest, indicating record outstanding positions on the venue, source: @phantom on X on Sep 5, 2025. Open interest measures the number of outstanding derivative contracts, and rising OI alongside high volume reflects increased market participation and leverage rather than a directional signal, source: CFTC Glossary and CME Group education. When OI is at records, traders should closely monitor funding rates, order book depth, and liquidation metrics because perpetual swap funding and liquidation mechanics can magnify price moves during volatility, source: BitMEX Perpetual Swap Guide and Binance Futures education.

According to Phantom, Phantom perps recorded $5 billion in trading volume over 5 weeks on Hyperliquid; source: Phantom on X, Aug 14, 2025 https://twitter.com/phantom/status/1956106371772113034. This equates to roughly $1 billion per week and about $143 million per day, offering a concrete run-rate benchmark for derivatives liquidity monitoring; source: Phantom on X, Aug 14, 2025 https://twitter.com/phantom/status/1956106371772113034.