PANews reported on September 30th that, according to data from CryptoQuant analyst maartunn, Binance's altcoin futures trading volume reached a record high of 82.3%. Traders clearly favor altcoins over Bitcoin futures, potentially reflecting expectations of greater advantages or potential gains in the altcoin market. For example, Aster (ASTR) saw a 250% increase last week.
It's worth noting that even during the 2021 bull market, altcoins' share of trading volume never reached this level. During the "Altcoin Season" in May 2021, the peak share was only 76%. The current surge in interest in altcoins like XPL, ASTR, SOL, and PUMP further demonstrates the continued growth of market interest in altcoins.
