币界网报道：Background information: In the past two months, the perpetual contract trading volume of Binance Smart Chain (BSC) has surged by 800%, accounting for nearly 15% of the market share and setting a new high in trading volume. BSC has become the main battlefield for leveraged trading, with perpetual contract trading reaching US$31.75 billion in 30 days, exceeding Ethereum (ETH) and Solana (SOL). Main events: BSC's perpetual contract trading dominates 51.2% of the three major chains, showing a large influx of speculative funds and traders chasing high-risk and high-return opportunities. Despite this, the perpetual contract market of Binance Coin (BNB) did not absorb this capital flow synchronously, and BNB's futures open interest remained below US$800 million, far below the peak of US$1.4 billion in December last year. Instead, funds flowed more to the spot market, BNB's daily trading volume increased by 12% month-on-month, and DEX trading volume reached a high point for the year. Potential impact: The BSC perpetual contract boom has increased the demand for BNB, driving transaction fees and trading activities, but BNB's leveraged trading market performance is relatively weak. BNB has performed strongly in the spot market, with monthly performance outperforming other major currencies, showing a structural differentiation of funds between the spot and leverage markets.