Over Half of Kalshi Ethereum Perpetual Futures Trading Volume Comes from the Same Fixed-Amount Orders

BlockBeats news, September 22 — Kalshi's Ethereum perpetual futures trading between September 17 and 20 saw orders with individual amounts close to $5,499 execute a total volume of $7.7 million, accounting for 57% of the analyzed trading volume.

Of the 46 sampled dates since June, 43 days showed repeated fixed-amount trades. Kalshi's public data does not disclose trader identities, and the exchange has not explained who generated the repeated trades or why the target amounts changed.

Previously, quantitative analyst Beni published a post questioning whether prediction market platform Kalshi has been artificially inflating crypto trading volume, citing multiple data points as evidence. (CoinDesk)