The Defiant|Sep 21, 2026 19:22
NEW FROM THE DEFIANT: One Size Dominates Kalshi's ETH Perp Volume
Most of the dollar volume in the exchange's ether perpetual futures comes from trades of a single repeating size
Questions about Kalshi's activity started swirling after @beniduboss, posted a thread on Sept. 19 alleging Kalshi inflates its crypto volume, citing repeated trades of about $5,500.
We pulled 120,000 consecutive trades from Kalshi's own public API to check.
We found that 47% of @Kalshi's ether perp trades land on a single dollar size: about $5,425.
Those trades are 63% of the contract's volume.
Story:
https://thedefiant.io/news/cefi/one-size-dominates-kalshi-eth-perp-volume
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