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Tron leads on-chain perps as WoW volume jumps 176%

Crypto Briefing
Tron's on-chain perpetual futures volume surged 176% week-over-week, reaching $5.7 billion despite a general market slowdown.

Summary

Tron has bucked the trend of declining on-chain perpetual futures activity seen across most blockchains amid market weakness. Tron's daily perpetual futures trading volume exceeded $1 billion for two consecutive days, contributing to a total weekly volume of $5.7 billion, marking a significant 176% increase week-over-week, according to data from DefiLlama. This substantial surge in perps volume indicates growing trader interest and increasing traction for Tron-based DeFi and derivatives platforms, even as the broader market, including Bitcoin, stagnates. At the time of reporting, TRON (TRX) was trading around $0.28.

(Source:Crypto Briefing)