The 2025 crypto derivatives market recorded a total trading volume of approximately $85.7 trillion, with a daily average of $264.5 billion, according to CoinGlass's annual report. Binance dominated the market with a 30% share. The total nominal value of forced liquidations for the year reached about $150 billion, averaging $400-500 million daily. DAT Company significantly increased its Bitcoin holdings from 600,000 at the start of the year to 1.05 million by November, representing about 5% of Bitcoin's theoretical total supply. The decentralized derivatives market has moved from proof-of-concept to competing for market share, with high-performance application chains like Hyperliquid now rivaling centralized exchanges in throughput, latency, and capital efficiency. Additionally, the tokenization of real-world assets (RWA) marked a significant step towards mainstream adoption, with the total market value of stock tokens surging by 2695% in 2025.