[On-Chain Derivatives Are Transforming from 'Experimental Innovation' to Emerging Products Meeting Real Market Demand] According to a report by Jinse Finance, data from Dune shows that on-chain derivatives contract trading volume has surged by over 1000% in the past year. This trend not only reflects the growing demand for on-chain derivatives protocols but also signifies that the broader DeFi ecosystem has entered a new stage of maturity. After several market cycles, users' acceptance of decentralized trading experiences has significantly increased. On-chain derivatives are transforming from 'experimental innovation' to emerging products that meet real market demand.