According to CoinMeta, and as reported by the media, Binance’s QNT / USDT perpetual contracts saw a five-fold surge in trading volume within 10 minutes, with a total trading amount of 69.64 million US dollars over the past 24 hours, representing a decline of 2.52%. 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. Binance’s contract rankings place it at number one globally.