The contract trading volume on the TRON chain increased by 166% week-on-week, with Sun Wukong launching new STRK and ORDI to expand the coverage of popular asset derivatives

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

On-chain analysis platform Lookonchain data shows that in the past week, the decentralized contract trading volume on the TRON chain exceeded $2.59 billion, a staggering increase of 166.69% compared to the previous week, setting a new phase high.

Analysts believe that the recent rapid shifts in cryptocurrency market sentiment and significant price fluctuations have driven traders' demand for hedging and arbitrage, leading to a quick rise in the decentralized derivatives market.