Tron leads on-chain perps as WoW volume jumps 176%
The blockchain bucks the trend of declining on-chain perpetual futures.
Key Takeaways
- While the market downturn has cooled overall on-chain perps activity, Tron has seen a surge in trading.
- Tron's perps trading volume hits $5.7 billion in the last seven days.
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Tron’s daily perpetual futures trading volume has surpassed $1 billion for two days in a row, while overall trading activity on the network has nearly tripled from the previous week, according to DefiLlama.
Over the past seven days, volume has reached $5.7 billion, representing a 176% increase week-over-week. The surge in perps volume suggests growing trader interest in Tron and may signal that Tron-based DeFi and derivatives platforms are gaining traction.
The growth comes as on-chain perps trading slows across most blockchains amid market weakness, with Bitcoin stagnating at around $87,000. TRON (TRX) was trading at about $0.28, down nearly 2% in the last 24 hours, per CoinGecko.
