On-chain derivatives trading volume has fallen for three consecutive weeks, and the market risk appetite has declined? On-chain derivatives trading volume has continued to fall for three consecutive weeks, with this week's trading volume of only US$5.11 billion, which is expected to be the lowest weekly trading volume since the beginning of 2023. This trend indicates that the market's risk appetite may have decreased. Factors that led to the decline in trading volume include: uncertainty about the results of the US presidential election, escalating tensions in the Middle East, and the impact of macroeconomic backgrounds such as market expectations that the Federal Reserve may not cut interest rates next month. Nevertheless, the average monthly trading volume of the on-chain derivatives market in 2024 increased by 357% over the same period last year, showing the continued growth momentum of the decentralized derivatives market this year. The addition of new platforms such as Blast and Hyperliquid has also driven the expansion of the market size. However, compared with centralized exchanges, the trading volume of decentralized platforms is still relatively low. For example, Binance's trading volume in the past 24 hours reached US$46.2 billion, while the total trading volume of decentralized platforms was only US$5.1 billion, accounting for about 11%. 📊 Follow Jiaoshou to get accurate market analysis and operation strategies to help you profit from market reversals! Click on the avatar and follow me to increase knowledge and earn profits! 🚀📈

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