RootData Tokenized Asset Data: Binance, Hyperliquid, Bitget Top TradFi OI

Open interest concentration among a handful of venues matters less as a ranking than as a signal of where TradFi-linked derivatives liquidity actually settles — and it is settling on offshore, crypto-native platforms rather than incumbent exchanges. That matters for price discovery in tokenized contracts, and for the regulatory question of which venues set the reference prices traditional participants increasingly rely on. Whether this concentration persists, or whether deeper-pocketed regulated venues close the gap, is the open question.