According to CoinMeta, and as reported by the media, Binance’s NEAR / USDT perpetual contracts saw a five-fold surge in trading volume within 10 minutes, with a total trading amount of $142 million over the past 24 hours, representing a 1.37% increase. A surge in trading volume usually indicates increased market activity or large-scale capital transactions, which may be triggered by significant market changes or news announcements. Currently, Binance’s contract rankings are at number one globally.