- Tron daily transactions have doubled to 8.4 million, fueling a 10% rally in TRX as on-chain activity and liquidity surge.
- With minimal resistance ahead, TRX could climb to $0.30 for the first time since December.
Tron [TRX] is making waves again — and not just with price action. The network has recorded a remarkable uptick in activity, with daily transactions nearly doubling from 4.3 million to 8.4 million in less than a month. This explosive growth could be the catalyst behind TRX’s 10% rally, with bulls eyeing a return to levels not seen since December.
According to CryptoQuant, this surge in on-chain activity is underpinned by a broader adoption of the Tron blockchain, particularly through increased use of stablecoins and higher liquidity inflows. In fact, the Total Value Locked (TVL) on Tron-based protocols climbed from $5.19 billion to $6.82 billion since May 1 — a $1.63 billion jump that signals strong investor confidence.
Also read: Top U.S. Banks Plan Joint Stablecoin to Rival Crypto Giants Like USDC and Tether
But that’s not all. The stablecoin supply on Tron has soared to a record $76.19 billion, driven by the chain’s fast transaction speeds and low fees. This isn’t just speculative capital — it’s sticky, committed liquidity, often a bullish indicator for long-term price appreciation.
TRX is currently forming a symmetrical triangle on the 4-hour chart — a bullish continuation pattern. A breakout above the resistance line could ignite a fresh push toward $0.2801 and possibly even $0.30, a level last touched on December 9.
Data from IntoTheBlock’s GIOM metric shows minimal resistance until the $0.30 mark. However, with 8.54 billion TRX potentially waiting to be sold at that level, bulls may face their biggest test yet.
Still, market sentiment remains optimistic. If TRX can break out convincingly, this 10% rally could just be the beginning of a broader move.
With on-chain metrics flashing green and liquidity swelling, TRX appears well-positioned to reclaim new highs — making it one of the most closely watched assets in the current crypto landscape.