Key Insights
- Tron crypto rising perps volumes oppose the overall market direction, and here’s why.
- Tron celebrates ecosystem milestone as total addresses cross 355 million.
- Tron’s win in Abu Dhabi this week. What it means for the network and for TRX.
The Tron network has a history of uniqueness, especially through TRX price action during periods where it diverged from the rest of the crypto market. The network is once again demonstrating its uniqueness, this time through its derivatives volume.
The latest market data revealed that the Tron network has been experiencing a surge in perpetual futures/swaps volumes. Perps volumes on the Tron network have been rising since the second week of December.
For context, Tron maintained over $1 billion in daily perps volumes in the last 2 days. Weekly figures surged above $5 billion.
Tron perps volume. Source: DeFiLlamaThis rising Tron perps volume highlighted a contrarian outcome compared to the overall market trend. Perps volumes cooled down substantially over the last few months as the market turned bearish.
Potential Reasons Behind the Rising Tron Crypto Crypto Perp Volumes
Tron’s strategy predominantly focuses on stablecoin transfers. The network’s low fees and high transaction throughput tend to attract high-frequency traders, particularly when market activity is slow.
This aligns with the network’s recent milestones. For example, Tron just celebrated 355 million total accounts created. An outcome that speaks volumes about its level of adoption.
Some of those addresses were linked to Tron’s DeFi perps trading DEXes, such as SunPerp which has been rapidly gaining popularity. The near-zero fees may have contributed significantly to the preference for Tron among derivatives traders.
Tron derivative activity may also make it the canary in the coal mine. The network may also be flashing recovery perps, as demand for recovery now that crypto prices have experienced extensive discounts from their 2025 highs.
Bitcoin futures open interest alone across all exchanges tanked from its peak above $94 billion in August. They have since leveled out near the $57 billion level.
If Tron perps volumes act as an early indicator, then open interest in the derivatives market may show more upside in the coming months. However, this outcome would also require a resurgence in demand in the spot market to support further recovery.
Tron Crypto Celebrates a Major Adoption Milestone in The Middle East
Beyond the rising perps volumes, Tron also celebrated a big win on the mainstream adoption front earlier this week. Abu Dhabi financial regulator, FSRA, has reportedly given the green light for Tron-based USDT to be used as a fiat-referenced token.
This was an important win for Tron because USDT transactions through its network will henceforth be recognized legally. In other words, licensed firms in Abu Dhabi can now use USDT on Tron to facilitate payments or settlement.
This milestone means Tron is on track to become a critical financial infrastructure for the UAE region. Consequently, this outcome may support TRX price action through organic demand.
Speaking of TRX price action, the cryptocurrency has so far cooled by less than 1% from its opening price in December. This was despite the bearish market conditions, while more popular peers such as Bitcoin and ETH experienced more downside.
TRX price will mark its 4th consecutive month in the red if it closes December below $0.28. The Tron-native coin was one of the best-performing cryptocurrencies of 2025 and had maintained a steady bullish bias before retracing since August.
Whether TRX price will regain its bullish bias is still unknown. Nevertheless, Tron’s recent milestones may offer a solid base for the cryptocurrency in 2026.
Source: https://www.thecoinrepublic.com/2025/12/26/why-tron-crypto-perps-volumes-maintained-upward-trajectory-despite-cooling-elsewhere/
