TradFi Trading Frenzy, Leading the RWA Sector, ONDO Surges Over 80% in the Past Month
May 11th — Per HTX Market Data, leading RWA project ONDO continued climbing Wednesday, briefly topping $0.46. The token’s 24-hour price change is 8.36%, with a monthly gain standing at 80.7%.
DefiLlama figures show trading volume for ONDO-issued tokenized assets has surged over the past month. On May 6th, total DEX trading volume on its network hit $74.73 million—marking a new high since April and edging closer to its March peak.
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GANA Officially Launches Conflux PayFi Fiat Withdrawal Feature
May 11 — GANA officially launched its Conflux PayFi cash-out feature, letting users cash out Web3 assets directly to a bank card via the GANA DApp. Real-time deposits are supported for major fiat currencies including USD, CNY, KRW, JPY, HKD, and more.
This launch marks a key milestone for GANA in the PayFi space, representing substantial progress in building the platform’s compliant payment infrastructure. Users can convert Web3 assets to major fiat currencies conveniently and securely, with instant deposits to global bank cards—boosting asset liquidity and usability.
GANA is dedicated to delivering compliant, efficient, and reliable Web3 payment solutions for users worldwide. The platform plans to expand its supported fiat channels to cover additional countries and regions in the future.
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SUI Market Data Overview: Upsurge Driven Mainly by the Futures Market, with Spot Inflows Stabilizing in the Past Month
Crypto token SUI briefly surged above $1.4 on May 11, currently trading at $1.28—up 18% in 24 hours and 36.5% over the past seven days, per latest market data.
### Spot Trading Flows
Coinglass figures show Binance’s USDT pair led 7-day net inflows at $17.83 million. By contrast, Upbit (KRW pair) and Bybit (USDT pair) saw net outflows of $11.83 million and $4.18 million, respectively.
### Futures Metrics
Futures activity has spiked sharply:
- Total SUI futures open interest across exchanges hit $918 million, up 46.25% in 24 hours.
- 24-hour futures trading volume surged 416% to $5.4 billion.
- Binance’s SUI/USDT long/short ratio stands at 1.37, with large accounts at 1.55—signaling net bullish positioning.
### Fund Flows (Short vs. Long-Term)
- **24 hours**: Futures saw $36.16 million in net inflows; spot added $8.13 million.
- **30 days**: Spot posted $8.56 million in net inflows (stable during consolidation), but futures had a $100 million net outflow—hinting so
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Aster Launches Contract Trading with MiniMax, Tencent, Xiaomi, and Pop Mart
On May 11, Aster announced the listing of Hong Kong stock futures contracts for MINIMAX, Tencent, Xiaomi and Pop Mart, with up to 3x leverage.
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Korean Stocks Hit Record Highs, Trading Volume Surges on trade.xyz for Related Futures Contracts, Tokenization of Physical Assets Remains Sluggish
On May 11, as Korean stocks hit repeated new highs, trading activity for related contracts on trade.xyz surged notably. Among these, SK Hynix—whose share price has doubled over the past month—emerged as the platform’s mainstream trading pair. As of press time, its open interest stood at $32.08 million, with 24-hour trading volume reaching $8.03 million.
The ETF EWY, which tracks South Korea’s stock index, recorded open interest of $20.62 million on trade.xyz and 24-hour trading volume of $11.66 million. Contracts for other stocks like Samsung and Hyundai remained relatively quiet.
Additionally, EWY contracts are traded on Binance, where current open interest is $10.9 million and 24-hour trading volume totals $25.15 million.
In stark contrast to the heated contract trading, the tokenized spot versions of these assets have slumped. Data shows EWYON—issued by Ondo—has a 24-hour trading volume of less than $0.3 million. This directly reflects the crypto community’s aggressive risk appet
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