Sandisk Stock Perpetuals Dominate Crypto Derivatives Market with Record Open Interest

Sandisk stock perpetuals have taken over the crypto derivatives market, reaching an open interest of $1.73 billion as of August 17, according to data from WuBlockchain and corroborated by crypto.news.

This is a record-breaking figure for a single stock perpetual on crypto trading venues, surpassing all other equity-linked contracts tracked across exchanges.

The surge in activity around Sandisk's stock price has also led to a significant increase in 24-hour trading volume, reaching $2.51 billion, a 248% jump from the prior day and enough to rank fourth among all perpetual contracts tracked by Loris, behind only Bitcoin, Ethereum, and Solana.

This unprecedented growth is not isolated; the aggregate open interest for perpetuals based on stocks, commodities, and comparable traditional assets has surpassed $2 billion, up from a range of roughly $350 million to $500 million during the spring, a trend that shows crypto exchanges steadily building out around-the-clock derivatives markets tied to real-world assets.