trade.xyz handled $15.72 billion in traditional market transactions last week, and on-chain silver reached 11% adoption.

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BlockBeats News, June 8 — According to Hyperinsight monitoring, during the previous week, the total trading volume of traditional asset contracts deployed on Trade.xyz based on HIP-3 reached $15.72 billion, with a single-day trading peak of $4.0 billion. The on-chain contract trading volume on the Trade.xyz chain has already accounted for about 0.201% of the overall traditional market. Over the weekend (two days), total trading amounted to $807 million, including:

Commodities:

U.S. and Brent crude oil: Using the corresponding NYSE-listed futures front-month contracts as the benchmark, Trade.xyz crude oil contract trading volume has reached about 2.3%, and the combined weekly trading volume for both oils totaled $3.16 billion;

Silver: Using the iShares Silver ETF (SVL) as the benchmark, Trade.xyz trading volume has reached about 11.1%, and weekly trading volume totaled $660 million;

U.S. stocks:

Among the U.S. stocks with the highest weekly trading volume, Micron Technology (MU) and Marvell (MRVL), Trade.xyz’s corresponding contract trading volumes account for approximately 0.39% and 0.75% of the actual share trading volume in the global traditional securities market, and the trading amounts were $10.4 billion and $9.58 billion, respectively.

XAG-2.19%
MU2.54%
MRVL-0.69%
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