According to @phantom, its Perps product has reached $26B in cumulative trading volume, 85K traders, 6M positions opened (3.9M longs, 2.1M shorts), and $100M in cumulative net deposits, source: @phantom. The long-to-short position count ratio is approximately 1.86 (about 65% long by count), indicating a net long skew within this dataset, source: @phantom. Traders averaged roughly 70.6 positions each (6M positions over 85K traders), signaling high engagement on the venue, source: @phantom. Implied turnover is around 260x (volume to net deposits), with an estimated average volume per trader near $306K and about $4.3K per position, source: @phantom. These benchmarks help traders assess directional crowding and typical ticket sizes for execution planning on this perpetual futures venue, source: @phantom.

According to @ai_9684xtpa, $MON rose 36% over the past 24 hours while Binance was the largest venue for MON perpetuals with about $1.2 billion in volume, the top share among platforms (source: X post by @ai_9684xtpa on Nov 26, 2025 — https://twitter.com/ai_9684xtpa/status/1993598408104497599). Binance Smart Money Signals show 90 tracked traders long with $5.82 million versus 226 traders short with $5.99 million, indicating nearly balanced notional but more accounts positioned short, which signals mixed sentiment at current levels (source: Binance Smart Money MONUSDT page — https://www.binance.com/zh-CN/smart-money/signal/MONUSDT?timeRange=30m&side=BOTH&sortBy=TIME&sortOrder=DESC&page=1).

According to @lookonchain, last week, perpetual futures volume on Tron exceeded $2.59 billion, up 166.69% week over week, signaling a sharp rise in derivatives activity on the Tron network (source: @lookonchain, X post dated Nov 17, 2025).