TRON on-chain contract trading volume increased by 166% this week; Sun Wukong launches new STRK and expands popular asset derivatives coverage for ORDI.

According to ChainCatcher, the Chinese decentralized contract exchange Sun Wukong has recently added STRK and ORDI USDT-margined contract trading, supporting up to 20x leverage, further expanding the platform's derivatives coverage of popular assets.

On-chain analytics platform Lookonchain data shows that in the past week, decentralized contract trading volume on the TRON chain exceeded $2.59 billions, a week-on-week surge of 166.69%, setting a new stage high.

Analysts believe that the recent rapid shifts in crypto market sentiment and sharp price fluctuations have driven a simultaneous increase in hedging and arbitrage demand among traders, fueling a rapid rise in the decentralized derivatives market.