Scan to download
BTC $76,710.25 -1.90%
ETH $2,284.29 -3.50%
BNB $622.29 -2.04%
XRP $1.39 -3.07%
SOL $84.10 -3.24%
TRX $0.3256 +0.50%
DOGE $0.0975 -1.64%
ADA $0.2448 -3.22%
BCH $448.19 -1.19%
LINK $9.21 -3.13%
HYPE $41.49 -0.41%
AAVE $95.61 -1.65%
SUI $0.9219 -2.67%
XLM $0.1644 -3.84%
ZEC $352.20 -1.69%
BTC $76,710.25 -1.90%
ETH $2,284.29 -3.50%
BNB $622.29 -2.04%
XRP $1.39 -3.07%
SOL $84.10 -3.24%
TRX $0.3256 +0.50%
DOGE $0.0975 -1.64%
ADA $0.2448 -3.22%
BCH $448.19 -1.19%
LINK $9.21 -3.13%
HYPE $41.49 -0.41%
AAVE $95.61 -1.65%
SUI $0.9219 -2.67%
XLM $0.1644 -3.84%
ZEC $352.20 -1.69%

trac

Gold and silver are fluctuating at high levels, with Gate XAU's 24-hour contract trading volume ranking first across the network

International gold and silver prices are fluctuating at high levels. According to data from the Gate platform, the current price of gold (XAU) is $4,724.38; the current price of silver (XAG) is $76.47. Despite signs of a temporary easing in the international situation, market risk aversion remains strong, driving active trading and positions in related contracts.According to CoinGlass data, the 24-hour trading volume of Gate XAU contracts reached $41.85 million, an increase of 745.48% compared to the previous period, with a position size of $18.87 million, ranking first in the industry; the 24-hour trading volume of Gate XAG contracts reached $31.89 million, a significant increase of 3429.96%, with a position size of $16.51 million, also ranking among the top in the network. In the context of high-level fluctuations, Gate's trading activity has rapidly increased.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts cover various traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in core targets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.

first_img Chief Economist of New Fire Group, Fu Peng: The essence of Bitcoin perpetual contracts is that large holders earn rent from long-term positions, while retail investors pay for leverage to go long

The newly appointed chief economist of New Fire Group, Fu Peng, stated on Twitter that the underlying business model of Bitcoin perpetual contracts is essentially the same as the "rollover fee/overnight fee" in traditional finance's gold and industrial commodity spot exchanges.Fu Peng pointed out that back in the day, gold exchanges settled through daily forced liquidation, with longs and shorts paying each other rollover fees. When retail investors held a large number of high-leverage long positions, the rollover fee became the most stable and hidden source of income for the platform. Nowadays, Bitcoin spot platforms mainly rely on perpetual contracts, with both sides settling the funding rate every 8 hours. When longs dominate, retail investors holding long positions continuously pay funding rates to shorts.Although the platform does not directly collect this fee, it significantly enhances trading activity, open interest, and liquidity, indirectly generating a large amount of fee income and forming a stable and substantial cash flow. Essentially, it is a business model where large players/institutions "collect rent" from long-term holdings, retail investors pay for leverage to go long, and the platform indirectly takes a cut.

The conflict has pushed oil prices to rise continuously, and Gate's crude oil contract trading scale and liquidity are among the top in the industry

Due to the ongoing escalation of the US-Iran conflict and restrictions on transportation in the Strait of Hormuz, international oil prices continue to rise strongly, experiencing the longest consecutive increase since January. Data shows that Brent crude oil (XBRUSDT) on the Gate platform is priced at $99.78, an increase of about 2.31%; WTI crude oil (XTIUSDT) is priced at $96.62, an increase of about 2.22%. Against the backdrop of rising oil prices, the trading activity of related derivatives has also increased.According to Coinglass data, the 24-hour trading volume of WTI crude oil (XTIUSDT) on the Gate platform reached $20.08 million, with a position size of about $4.53 million, ranking first among all exchanges; the 24-hour trading volume of Brent crude oil (XBRUSDT) reached $10.92 million, with a position of about $3.81 million, also ranking first. Driven by high volatility, market participation continues to rise, further highlighting Gate's advantages in liquidity and trading depth in the energy derivatives sector.Gate Contracts has pioneered the commodity contract sector, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas), providing 24/7 trading, USDT settlement, and up to 100x leverage, helping users with cross-market asset allocation and strategic layout in volatile markets.
app_icon
ChainCatcher Building the Web3 world with innovations.