The update broadened institutional and retail access during the quarter, while TRX options on Deribit reached more than $10 million in open interest by late March.
Institutional access to TRON expanded materially during the quarter, according to the source. MetaMask, a widely used crypto wallet, deployed native TRON support across its mobile app and browser extension, making it easier for users to access the TRON blockchain directly. In derivatives markets, Deribit, a crypto options exchange, launched TRX options, and open interest (the total value of active derivatives contracts) surpassed $10 million in late March. The source says that growth outpaced the broader crypto options market during the same period, indicating stronger relative activity in TRX-linked options.