Ondo PerpsDiscount code
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Ondo Perps referral code: KFSLR8. Sign up with this code to get 5% off trading fees.
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At a glance
- What changed
- Ondo Perps reports more than $20 billion in cumulative trading volume, including $1.9 billion last week.
- Who it affects
- Traders following Ondo Perps' stock and equity perps, and eligible users outside the restricted regions.
- When
- Announced on 29 October 2026 at 10:47 UTC.
What Ondo Perps announced
Ondo Perps posted on its official X account on 29 October 2026 that cumulative trading volume on the platform has passed $20 billion. It said $1.9 billion of that came in the past week alone.
Alongside the headline figure, Ondo Perps shared three more numbers: more than $100 million in open interest, $38 million in Ondo Stocks posted as collateral, and 88 markets across spot and perps.
What the numbers mean
Cumulative volume adds up the size of every trade since launch, so it shows activity rather than money held on the platform. Open interest is the total value of perp positions that are still open, which is a better picture of how much is at stake right now. Ondo Stocks collateral means traders have posted tokenized shares, rather than only stablecoins, to back their positions.
In a reply in the same thread, Ondo Perps pointed readers to a DefiLlama dashboard for its figures. The post did not break the volume down by market, so it does not say how much came from stock perps, crypto perps or spot trading.
Who can use it
Ondo Perps again attached its standard disclaimer under the post. It says the platform is not open to people located in or operating from the United States, the European Union, the United Kingdom, Canada or Panama, or to anyone on a sanctions list. It also says the contracts are not registered with any regulator and that trading perpetual futures can lead to the total loss of the money you put in.
Our take
Adding $1.9 billion in one week, a few days after new equity perps such as ASML and Nike went live, shows steady demand for trading shares around the clock on chain. Volume alone is not a safety signal, though, and most European readers are excluded by the platform's own rules. If you are eligible, treat leverage on single stocks carefully. Ondo Perps works with a self-custody wallet, and Phantom is in the box below.
PhantomPartner offer
10% of trading fees back for 3 months
Phantom referral code: findcodes. Sign up with this code to get 10% of trading fees back for 3 months.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
New users who sign up in the Phantom mobile app with this code get 10% of their own eligible trading fees back for three months from signup. Codes apply only at mobile-app signup and cannot be added later. Rebates are paid in CASH to the Phantom Cash balance after a $1 minimum; ID verification may be required. Perps and prediction markets are not available in every region; program terms apply and Phantom may change rates or end the program. Perps are unavailable in the US, UK and US-sanctioned jurisdictions; prediction markets are unavailable in the US, UK, Germany and sanctioned jurisdictions. Program eligibility depends on jurisdiction under the referral terms.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
