Kalshi says incentive program was publicly filed after API data flagged repeated ETH perp order sizes

Kalshi says incentive program was publicly filed after API data flagged repeated ETH perp order sizes

N
News Editor
2026-09-21 19:13:52
Public API data from Kalshi shows that most dollar-denominated trading volume in the exchange’s Ethereum perpetual contracts came from a single, repeatedly appearing fixed-size order pattern. The dataset was compiled by The Defiant using Kalshi’s own public API. In response, Kalshi said the related incentive program had already been publicly filed. The report centers on the composition of trading flow in Kalshi’s ETH perpetual market rather than a broader market move, and the available source material does not provide additional figures, dates, or breakdowns beyond that description. ChainCatcher cited the API-based findings and Kalshi’s response in its brief report.

ChainCatcher reported that, according to data from Kalshi’s public API, most of the dollar trading volume in the exchange’s Ethereum perpetual contracts came from a single, repeatedly appearing fixed-size order.

The data was compiled by The Defiant based on Kalshi’s public API. Kalshi responded that the related incentive program had been publicly filed.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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