On-chain perpetuals trading is slowing down across most networks as the broader market cools. Volumes are down. Risk appetite is thinner. Traders are stepping back.
Except on TRON.
While activity fades elsewhere, TRON’s perps market is accelerating. Daily on-chain perpetuals volume on the network has topped $1 billion for two consecutive days. Over the last seven days, total perps volume has reached $5.77 billion , a 176% increase week over week.
That divergence stands out in a market defined by contraction. As leverage unwinds and speculative flow retreats, TRON is pulling liquidity in.
On-chain data highlights the anomaly. Analysts tracking derivatives activity flagged TRON as the only major chain showing sustained growth during the downturn.
On-chain Perps Volume is cooling off during the market downturn — except on #Tron.#Tron's daily Perps Volume has topped $1B for two days straight, and 7-day Perps Volume reached $5.77B, up 176% WoW. pic.twitter.com/EdZ0a9JqZt
— Lookonchain (@lookonchain) December 25, 2025
This is not a one-off spike. It is a pattern forming.
Contents
- 1 Why Liquidity Is Clustering On TRON
- 2 USDT on TRON Gains Regulatory Recognition In Abu Dhabi
- 3 Abu Dhabi Cements Its Role As A Global Blockchain Hub
- 4 USDT On TRON Becomes Global Settlement Infrastructure
- 5 Regulatory Cooperation Strengthens TRON’s Long-term Positioning
- 6 What This Signals For On-chain Markets
Why Liquidity Is Clustering On TRON
The rise in perps volume is not happening in isolation. It reflects structural advantages that TRON has spent years building.
Speed matters. Fees matter. Reliability matters even more when volatility rises. TRON delivers all three.
Low transaction costs allow traders to move quickly without worrying about slippage from fees. High throughput ensures positions open and close without congestion. In stressed market conditions, those traits become decisive.
As other chains struggle with higher costs or slower settlement during volatility, traders gravitate toward infrastructure that simply works.
That flow is now visible in the data. TRON’s perps volumes are not just rising, they are consolidating liquidity that is leaving other ecosystems.
In derivatives markets, liquidity attracts liquidity. Once momentum builds, activity compounds.
TRON appears to be crossing that threshold.
USDT on TRON Gains Regulatory Recognition In Abu Dhabi
At the same time that trading activity accelerates, TRON scores a major regulatory milestone.
TRON DAO has welcomed the acceptance of USDT on TRON by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) as an Accepted Fiat-Referenced Token (AFRT).
This designation allows FSRA-licensed Authorised Persons within ADGM to use USDT on TRON as part of their regulated activities.
It is a critical step. Not symbolic. Functional.
With this acceptance, licensed institutions operating in one of the world’s most respected financial hubs can now integrate USDT on TRON into approved financial services. Payments. Settlements. Treasury operations.
This development reinforces the role of blockchain infrastructure inside compliant financial markets, not outside them.
It also places TRON squarely within the UAE’s broader digital asset strategy , one focused on adoption with guardrails, not speculation without oversight.
Abu Dhabi Cements Its Role As A Global Blockchain Hub
The FSRA decision reflects something larger than a single network.
Abu Dhabi Global Market has positioned itself as a leading international financial centre for blockchain innovation. Its regulatory framework is principles-based, progressive, and designed to evolve with technology.
The UAE has made no secret of its ambitions. It wants to integrate digital assets responsibly into the global financial system. That means clear rules, strong governance, transparency, and risk management.
The acceptance of USDT on TRON aligns directly with that approach.
Rather than shutting innovation out, ADGM brings it inside a regulated perimeter. That balance is why institutions are comfortable building there.
For TRON, the recognition validates years of focus on infrastructure over hype. It signals that the network meets standards required by serious financial actors.
USDT On TRON Becomes Global Settlement Infrastructure
USDT on TRON is already one of the most widely used stablecoin settlement rails in the world.
The reasons are straightforward. Transactions are fast. Fees stay consistently low. The network scales without friction.
That efficiency has driven adoption across payments, remittances, and large-scale on-chain financial activity. In many regions, USDT on TRON functions as financial plumbing.
With FSRA acceptance, that role expands into regulated environments.
Licensed institutions in ADGM can now incorporate USDT on TRON into approved offerings. That opens the door to more efficient cross-border payments, streamlined treasury management, and faster settlement cycles inside the UAE’s financial ecosystem.
This is how infrastructure adoption happens. Quietly. Incrementally. Then all at once.
Regulatory Cooperation Strengthens TRON’s Long-term Positioning
The regulatory milestone also highlights TRON DAO’s broader strategy.
Rather than resisting oversight, TRON has leaned into cooperation. Transparent governance. Strong security standards. Ongoing engagement with regulators and law enforcement.
Initiatives like the T3 Financial Crime Unit reflect that commitment. The goal is simple. Reduce illicit activity. Increase trust. Make blockchain infrastructure viable at institutional scale.
That approach matters more as capital becomes selective.
In the current market environment, flows favor networks that combine performance with compliance. TRON is increasingly checking both boxes.
This combination helps explain why perps activity is surging on the network even as broader on-chain volumes cool. Traders and institutions alike are choosing venues that feel durable.
Market watchers have pointed to this alignment between regulatory progress and rising activity as a key factor behind TRON’s resilience.
JUST IN: 🇦🇪 $USDT on TRON recognized as ‘Accepted Fiat-Referenced Token’ in ADGM, enabling FSRA-licensed firms to use it for regulated activities. pic.twitter.com/PjUJfoJR43
— Whale Insider (@WhaleInsider) December 22, 2025
What This Signals For On-chain Markets
The takeaway is not just about TRON outperforming in a downturn.
It is about how on-chain markets are maturing.
Liquidity is no longer chasing novelty alone. It is concentrating where infrastructure, regulation, and usability intersect.
TRON’s surge in perps volume shows that derivatives traders care deeply about execution and cost, especially when volatility compresses margins. The FSRA’s acceptance of USDT on TRON shows that regulators are increasingly comfortable endorsing infrastructure that proves itself at scale.
Together, these developments signal a shift.
On-chain finance is entering a phase where compliance and performance reinforce each other. Networks that deliver both attract capital when conditions get tougher, not easier.
As the market stabilizes, the gap between chains built for experimentation and those built for endurance will widen.
Right now, TRON is on the right side of that divide.
And the data is already showing it.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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