PANews reported on March 24 that according to the "State of Crypto Perpetuals: 2024" report released by CoinGecko, the total trading volume of the top ten centralized perpetual contract exchanges reached $58.5 trillion in 2024, doubling compared to 2023. The total volume of decentralized perpetual exchanges reached $1.5 trillion, with Hyperliquid capturing over 55% market share in Q4. Bitcoin accounted for approximately 45% of open interest on centralized platforms throughout the year, with total open interest first exceeding $100 billion in November 2024, mainly boosted by market sentiment after Trump's election. Solana-related contract trading volume surged multiple times during the year, closely related to the meme coin craze and the launch of celebrity tokens.