BlockBeats data: The current total cryptocurrency market capitalization is $2.87 trillion, up $125.061 billion over the past 24 hours, an increase of 4.55%. Bitcoin accounts for 59.11% of the total market capitalization, while Ethereum accounts for 11.64%.

A former quantitative trader has publicly questioned the crypto trading volume reported by Kalshi. He cited data showing 24-hour ETH perpetual contract trading volume of approximately $539 million and questioned the source of this scale. The focus of the challenge is volume, not price, pointing to the reporting methodology itself rather than the market conditions on any particular day. The valuation of event contract platforms depends heavily on trading activity. If the methodology behind the disclosed volume is unclear, funds, market makers, and regulators relying on these figures will all develop biases based on the same dataset, making the foundation of pricing unstable as well. Valuation models based on trading volume should be discounted first. Everyone, click the link to my gate group below to join and receive the latest strategies every day! Get first-hand information and get a head start! https://gate.onelink.me/Hls0/group?chatroom=1SJTUysiir&ref=VFLGBL1CAQ&ref_type=105 Where data is not transparent, pricing is inevitably distorted.