TLDR
- TRX daily transactions nearly doubled from 4.3 million to 8.4 million over 30 days
- Total value locked on Tron surged from $5.19 billion to $6.82 billion since May 1st
- 98.44% of TRX addresses are currently profitable with zero addresses showing losses
- Tron overtook Ethereum in stablecoin transaction volume
- Trading volume spiked 60% to $1.25 billion with TRX targeting $0.30 resistance level
Tron has experienced a surge in network activity with daily transactions nearly doubling over the past month. The blockchain recorded 8.4 million daily transactions compared to 4.3 million previously.
This increase in transaction volume reflects growing adoption of the Tron network. Users are choosing the blockchain for its fast transaction speeds and low fees.
The Total Value Locked on Tron protocols has increased from $5.19 billion to $6.82 billion since May 1st. This represents $1.63 billion worth of TRX added to various protocols during this period.
Growing Network Adoption
Stablecoin supply on Tron reached a record high of $76.189 billion according to Artemis data. The network has overtaken Ethereum in stablecoin transaction volume.
This shift represents users moving away from Ethereum’s higher fees to Tron’s more cost-effective alternative. Every stablecoin transfer and DeFi transaction contributes to increased TRX demand for gas fees.
TRX is currently trading at $0.2782, showing a 2.75% increase in the past 24 hours. Trading volume spiked 60% to reach $1.25 billion daily.
The price movement is supported by genuine trading activity rather than speculative buying. Large volume increases typically indicate institutional and whale participation.
Current data shows 98.44% of TRX addresses are profitable. This means 76.48 billion TRX tokens worth $21.17 billion are “in the money.”
Zero addresses are currently showing losses. The remaining 1.56% of addresses holding 8.54 billion TRX are breaking even.
Technical Price Targets
Technical analysis shows TRX trading within a symmetrical triangle pattern on the 4-hour chart. The asset is currently testing the upper resistance line of this pattern.
A confirmed breakout would target $0.2801 initially. However, the Global In and Out of the Money metric suggests minimal resistance until the $0.30 region.
At the $0.30 level, TRX may face supply pressure from 8.54 billion tokens worth approximately $2.3 billion. This level was last reached on December 9th.
The current technical setup projects a potential 10.11% increase toward the $0.30 target. This would represent a new yearly high for the cryptocurrency.
TRX holds steady in its bullish range as on-chain metrics continue supporting upward momentum. The combination of increased transaction activity, rising total value locked, and high holder profitability creates favorable conditions for continued price appreciation.
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