Derivatives run this game in crypto: > Derivatives make up ~74% of total crypto volumes > BTC perps alone account for ~68% of BTC’s daily turnover > Q2 2025 derivatives volume: $20.2T (CEX) vs a much smaller spot market. But for crypto equities, this layer doesn’t exist onchain. Sure, COIN and MSTR have listed options and CME futures, but there’s no 24/7, onchain, self-custodial perp market for these names. @avantisfi has launched onchain perp for the major U.S. equity indices SPY (S&P 500) and QQQ (Nasdaq 100), giving non-U.S. users access to over $25M in liquidity and up to 100x leverage. This update marks the beginning of Avantis’s onchain equities roadmap. onchain equities are being unlocked.