Trade.xyz handled $15.72 billion in traditional market transactions last week, with the on-chain silver ratio reaching 11%.

Mars Finance News: On June 8, according to monitoring by Hyperinsight, during the previous week, Trade.xyz’s traditional asset contracts deployed based on HIP-3 recorded a total trading volume of $15.72 billion, with a single-day peak trading volume of $4 billion. The on-chain contract trading volume of Trade.xyz has already reached about 0.201% of the overall traditional market. Over the two weekend days combined, it absorbed $807 million in trading activity, including:

• Commodities:
  • U.S. and Brent crude oil: Using the front-month futures corresponding to the New York Stock Exchange as the benchmark, Trade.xyz crude oil contract trading volume has reached about 2.3% of that benchmark; the combined weekly trading volume of 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% of that benchmark, with weekly trading volume of $660 million.
  • U.S. stocks: Among the stocks with the highest weekly trading volume, Micron Technology (MU) and Marvell (MRVL), Trade.xyz’s corresponding contract trading volume accounted for approximately 0.39% and 0.75% of the actual share trading in the global traditional securities market, with trading amounts of $1.04 billion and $958 million, respectively.