- Tron daily active addresses hit a record 5.7 million, marking strong network growth.
- The price of TRX dropped 7% weekly despite rising trading activity and user engagement.
- Technical indicators show bearish control, though a short-term rebound remains possible.
TRON Network is buzzing with activity once again. Daily active addresses reached a record 5.7 million on Tuesday, marking another milestone for the network. Just a day earlier, the record stood at 5.4 million. Despite the surge in users and transactions, TRX’s price continues to face headwinds, showing how on-chain momentum doesn’t always translate into immediate market gains. Traders are watching closely as the network shows signs of resilience.
Record-Breaking On-Chain Growth
Tron processed over 12.6 million transactions on Tuesday, the highest daily count since mid-2023. Data from TRONSCAN and Nansen confirms the surge, with active addresses climbing 69% in just a week. That’s a rare level of growth among major blockchains. Analysts described Tron’s network activity as “top-tier” and noted the impressive throughput happened quietly, without the usual hype that surrounds such metrics.
While the network thrives, the price tells another story. TRX trades at $0.2966, down 0.69% in the past day and over 7% this week. Even so, trading volume jumped 18.8% to $812 million, showing that traders remain engaged despite downward pressure. This mix of rising participation and weak price action highlights the complex dynamics between utility and market sentiment.
Much of TRON’s current strength comes from USDT transfers. The blockchain handles between 15 and 20 million stablecoin transactions each week. This makes Tron one of the most used payment networks in crypto. Many users in Africa, Asia, and South America rely on it for fast, affordable transfers of dollar-pegged tokens. With limited access to traditional banking, these regions find real-world value in digital dollar transactions.
Technical Pressure Keeps TRX in Check
Despite strong network fundamentals, technical charts suggest continued price weakness. Analyst Umair Crypto noted that TRX has slipped below a key wick low, a bearish sign. The coin remains under the 200-day Simple Moving Average, showing sellers still control the trend. A minor bullish divergence offers a glimmer of hope, but confirmation requires a daily close above $0.2983.
The Relative Strength Index hovers near 37, close to oversold levels. This suggests selling momentum could slow soon. Meanwhile, the MACD remains negative, keeping short-term sentiment cautious. Open interest has fallen 1.32% to $327 million, showing reduced speculative activity. However, trading volume rose 4.5% to $229 million, proving that active traders are still present.
The funding rate at -0.0014 signals a short bias, meaning most derivatives traders expect further downside. For now, the TRON network is thriving even as the market remains skeptical. Whether this strong user activity can eventually lift TRX’s price depends on how long traders stay patient.
