On September 23, the total on-chain perpetual contract trading volume reached $51.3 billion, marking the first time it has surpassed the $50 billion milestone. BNB Chain contributed significantly to this figure, with its perpetual contract trading volume hitting $21.5 billion, surpassing Hyperliquid. Key protocols on BNB Chain include Aster, MYX Finance, PancakeSwap Perps, and HoldStation DeFutures.