According to @EmberCN, BlockBeats’ December exchange ranking shows centralized exchange spot volume fell 35% month over month from November, while perpetual futures volume declined 26% month over month; source: BlockBeats report theblockbeats.info/news/60835; source: @EmberCN on X 2026-01-11 x.com/EmberCN/status/2010282146154545358. The top three venues by December spot volume were Binance, Bybit, and KuCoin, with HTX advancing to fourth place in spot trading share; source: BlockBeats report theblockbeats.info/news/60835; source: BlockBeatsAsia on X x.com/BlockBeatsAsia/status/2009546939105444086. Perp DEX activity also softened, with perpetual DEX volumes down 30% month over month and site traffic down 20% month over month in December; source: BlockBeats report theblockbeats.info/news/60835; source: BlockBeatsAsia on X x.com/BlockBeatsAsia/status/2009546939105444086.

According to Justin Sun, on-chain perpetuals volume is cooling off during the market downturn except on TRON. Source: Justin Sun on X https://twitter.com/justinsuntron/status/2004373181545828840 and Lookonchain on X https://x.com/lookonchain/status/2004153471961075988. TRON's daily perps volume exceeded 1 billion dollars for two consecutive days, and 7-day perps volume reached 5.77 billion dollars, up 176 percent week over week. Source: Lookonchain on X https://x.com/lookonchain/status/2004153471961075988 and Justin Sun on X https://twitter.com/justinsuntron/status/2004373181545828840.

According to TRON DAO, citing Lookonchain on-chain data, Tron’s daily on-chain perpetual futures volume exceeded 1 billion dollars for two consecutive days, with seven-day perps volume reaching 5.77 billion dollars, up 176 percent week over week, while other chains saw perps activity cool during the market downturn (source: https://twitter.com/trondao/status/2004189336770842864; source: https://x.com/lookonchain/status/2004153471961075988). This relative surge implies stronger derivatives participation and deeper liquidity on TRX perps during the period, conditions that generally tighten spreads and reduce slippage for active traders (source: https://twitter.com/trondao/status/2004189336770842864; source: https://www.investopedia.com/terms/l/liquidity.asp). Traders tracking TRX may monitor open interest and funding rates on Tron-based perpetuals to gauge positioning and directional bias in derivatives markets (source: https://academy.binance.com/en/articles/funding-rate-explained).

According to @CoinMarketCap, total crypto market capitalization reached 2.97 trillion USD, up 1.19 percent, as 24 hour trading volume rose 29.20 percent to 150.14 billion USD. According to @CoinMarketCap, the CMC Fear and Greed Index fell to 21, marking 18 consecutive days in Fear, the longest streak since November 2025. According to @CoinMarketCap, perpetual futures volume increased 31 percent to 1.41 trillion USD and average funding rates jumped 264 percent to 0.006 percent. According to @CoinMarketCap, the Binance Alpha sector market cap was 14.62 billion USD with trading volume up 5.49 percent to 10.33 billion USD despite a 2.31 percent 24 hour decline.

According to @cas_abbe, Binance has over 300M users and recorded $1.17T in exchange inflows, a 31% year-over-year increase that outpaces competitors (source: @cas_abbe). Per the same source, perpetual futures volume reached $24.6T with record activity, while spot markets posted $6.8T in volume, nearly five times the next exchange (source: @cas_abbe). The author adds that deep liquidity brings users, users drive volume, and volume strengthens markets, positioning Binance at the center of crypto adoption and capital flows (source: @cas_abbe).