According to DefiLlama, on-chain derivatives volumes have fallen for the third week in a row, indicating that risk appetite may have weakened. This week's volume was just $5.11 billion and is expected to record its lowest weekly volume since early 2023. The reasons for the decline in trading volume include macroeconomic factors such as uncertainty over the outcome of the US Presidential Election, rising tensions in the Middle East, and expectations that the Federal Reserve may not cut interest r...