If TRX is showing up on the same derivatives venue traders already use for serious risk management, that is not hype, that is infrastructure catching up to demand.
Deribit just launched TRX and AVAX options, and they are USDC settled, with the same USDC settled perpetual markets already live for both assets.
Here is the key difference many people miss. Perps are great for directional exposure, but options let you define risk upfront, hedge spot without selling, or structure yield, and Deribit runs these as cash settled contracts, so settlement happens in USDC instead of moving the underlying token.
For sizing, it is built for real positioning. One TRX option contract represents 10,000 TRX notional, while one AVAX option contract represents 100 AVAX, so strategy design is clean and standardized across strikes and expiries.
There is also a practical comparison for traders who already use SOL or XRP options on Deribit. TRX and AVAX deposits are not supported yet, so you cannot use TRX or AVAX as an offset currency the way some other markets allow, which matters for margin planning and collateral efficiency.
