The cryptocurrency derivatives market showed robust activity throughout 2025. Annual trading volume reached approximately $85.70 trillion, translating to an impressive average daily volume of around $264.5 billion. This scale underscores the significant liquidity flowing through derivatives platforms, reflecting sustained institutional and retail participation in futures and perpetual swap trading.

Liquidation activities across the derivatives ecosystem revealed market volatility and leverage dynamics during the year. These liquidation figures provide critical insights into trader positioning, risk management patterns, and the leverage multiples commonly employed in the space.

The data highlights how derivatives markets remain a core pillar of crypto market infrastructure, offering price discovery mechanisms and hedging opportunities. As more participants engage with perpetual futures and other derivative instruments, understanding these trading volumes and liquidation trends becomes essential for anyone monitoring market health and momentum.