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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
VanEck CEO Says Bitcoin Nears Bottom in 4-Year Cycle
_VanEck CEO Jan van Eck says Bitcoin nears bottom in 4-year cycle as 2026 price targets divide analysts._
Bitcoin may be approaching the end of its current bear market phase. VanEck CEO Jan van Eck said the price is forming a bottom. He expressed this view in an interview with CNBC on
LiveBTCNews6m ago
Pepe faces strong selling pressure: Is there a chance for recovery?
Pepe (PEPE) has experienced a 2.66% decline in the past 24 hours and a 14.71% drop over the week, underperforming in the memecoin market. Despite this, a potential Bitcoin rebound could ease selling pressure. However, PEPE's price structure remains bearish, indicating that cautious trading strategies are necessary.
TapChiBitcoin42m ago
Wintermute: Despite a brief rebound on Monday, the market remains fragile. Caution is advised.
Wintermute stated that Iran's geopolitical conflicts are causing volatility in risk assets, leaving the cryptocurrency market fragile. After a brief rebound, it remains under pressure. Despite ETF inflows, institutional participation is noticeably insufficient, and the bear market trend for altcoins continues. Investors are advised to remain cautious and monitor the developments of the conflict and their impact on energy costs and interest rate expectations.
GateNews1h ago
The community is buzzing about "Iranian war flames crippling Bitcoin hash rate," but analysts dismiss it: accounting for less than 1%, it's hardly noticeable.
Multiple mining experts have pointed out that Iran's hash rate accounts for less than 1%, and even if mining activities are interrupted, it will not affect the security of the Bitcoin network. They refuted the panic rumors circulating in the community, believing that the Bitcoin network is operating stably, and Iran's crypto economy is gradually expanding under sanctions.
動區BlockTempo1h ago
Bitcoin Remains Resilient as Iran-US Conflict Fuels Risk-Off Sentiment
Bitcoin has gained over 2%, defying a global risk-off sentiment sparked by the escalation of the US-Iran conflict that has seen most stocks plunge.
Analysts say it’s the best time to buy BTC as the US Fed is going to start printing billions of dollars to support the war, as it has in
CryptoNewsFlash1h ago
