As the broader market enters a cooling phase, on-chain perpetual futures activity is declining across most chains—but Tron stands out as a notable exception.

The numbers tell an interesting story. Tron has posted daily perpetual trading volumes exceeding $1 billion for two consecutive days. Even more striking, its 7-day volume reached $5.77 billion, marking a 176% week-over-week increase. While other chains are feeling the downturn's weight, Tron's derivatives market is accelerating.

This divergence raises questions: Is Tron attracting traders seeking lower costs and faster execution? Or does this reflect a broader rotation of trading activity? Either way, the data suggests that leverage trading on Tron is far from cooling off.