ChainCatcher news, the Chinese decentralized exchange Sun Wukong has recently added STRK and ORDI USDT denominated futures trading, supporting up to 20x leverage, further expanding the platform's coverage of derivatives in popular assets.
The on-chain analysis platform Lookonchain data shows that in the past week, the decentralized futures trading volume on the TRON chain has exceeded 2.59 billion USD, a month-on-month increase of 166.69%, setting a new peak.
Analysis suggests that the recent rapid switch in sentiment within the crypto market and the intense price volatility have prompted traders to simultaneously increase their demand for hedging and arbitrage, driving a quick surge in the decentralized derivation market.
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