According to @trondao, TRON’s on-chain perpetual futures trading volume exceeded $1 billion for two consecutive days, based on DefiLlama data (source: DefiLlama; source: TRON DAO). Week over week, overall trading activity on the TRON network nearly tripled, indicating a sharp acceleration in on-chain derivatives participation during the period (source: DefiLlama; source: TRON DAO). Traders may monitor TRX spot and perps markets for follow-through given the documented volume surge and activity upswing (source: DefiLlama; source: TRON DAO).

According to @KobeissiLetter, US options market activity is at a record, with total options volume on track to exceed an average of 60 million contracts per day in 2025 for the first time, indicating unprecedented derivatives trading activity (source: @KobeissiLetter). This trajectory reflects a roughly 10 million contract year-over-year increase and a 30 million contract jump since 2020, underscoring structurally higher options participation (source: @KobeissiLetter). The post did not provide breakdowns by underlying asset or maturities and did not cite any direct impact on crypto assets such as BTC or ETH (source: @KobeissiLetter).