According to @lookonchain, on-chain perpetual futures volume is cooling off during the market downturn except on Tron, where daily perps volume topped $1B for two consecutive days and 7-day perps volume reached $5.77B, up 176% week over week; source: Lookonchain on X, Dec 25, 2025 https://x.com/lookonchain/status/2004153471961075988. These figures show Tron bucking the broader on-chain perps slowdown observed by Lookonchain; source: Lookonchain on X, Dec 25, 2025 https://x.com/lookonchain/status/2004153471961075988.