Ethena Pivots USDe Basis Trade Into Equity Perpetuals
Equity perpetuals carry a 70-times-larger underlying market than crypto and funding that rarely turns negative.
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Equity perpetuals carry a 70-times-larger underlying market than crypto and funding that rarely turns negative.
Stock perpetuals are now the heaviest single sleeve inside the tokenized-RWA derivatives market, outdrawing commodities, FX, and index books combined in 24h turnover.