DefiLlama Research Compares Stock Perpetual Contract Liquidity Across Exchanges Including Gate
Correction：Classification and topic tags were corrected under the website section rules; the body and review decision remain unchanged.
DefiLlama research states that Gate offers the largest number of stock perpetual contracts among the platforms compared and leads on some depth metrics, but trails Binance in trading volume and open interest.
The source text is not available for this article. The extracted points are shown below.
Key points
Deep Enough to Trade: Gate’s Case For Tokens And Stocks Credit: DefiLlama Reserch · © Gate The tokenized-equity conversation over the past year has been one of magnificent growth. Stock, ETF, and equity-index perpetual open interest is up ~78x since DefiLlama first captured reliable tracking in November 2025, from $114M to a peak of $9.99B on August 18, 2026.Stock/ETF/Index Perp Open Interest (Nov 2025-Sep 2026) Credit: DefiLlama Research · © DefiLlama As of the most recently completed trading d
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
No additional explanation is available beyond the summary.
Why it matters to readers
The article provides a clearly defined sample period, comparison platforms, and multiple quantitative metrics, and discloses that Gate is not the largest by trading scale; however, the key order-book data were provided by Gate, and although DefiLlama says it reviewed the data, it did not independently track them on an ongoing basis. The article also has a clear promotional bias toward the brand, so its findings can only be partially confirmed. This is industry research and a platform comparison, not a breaking market event.
Watch for subsequent official information and do not make decisions based on a single report.
Risks and unknowns
- Verification of Gate’s order-book depth and spreads by independent data sources
- Whether trading volume and open interest for stock perpetual contracts will continue to grow
- Changes in funding-rate volatility for contracts jointly offered by Gate, Binance, OKX, and Bitget
- The actual liquidity of contracts outside the highly concentrated top five
Related Developments
Loading event timeline…