The Tron network has shown noticeable growth in activity over the past year, which may positively impact TRX's value in the long term.
Analysis of Activity in the Tron Network
User activity on the Tron network remains stable due to their commitment to the platform, although transaction methods have slightly changed. There is a trend towards users preferring decentralized tools as they offer increased security and independence for transactions. According to CryptoQuant, the number of active addresses varied between 12.6 million and 16.4 million.
Shift in USDT Volume to Tron's Decentralized Platforms
USDT remains a major driver of Tron activity, with decreased usage on centralized exchanges and an increase on decentralized platforms. This is linked to broader market adoption of decentralized applications and the improvement in future development prospects. Tron is becoming a significant platform for USDT transfers due to lower costs and faster transaction speeds.
Growth in Tron's DEX TVL and Investor Trust
The growth of Tron's decentralized exchanges demonstrates an increase in investor trust, reflected in the rise of Total Value Locked (TVL) on the platform. Currently, Tron's DEX holds more than $900 million in assets. This indicates growing interest in using decentralized apps for transactions and attracting capital.
The ongoing decentralization and metrics growth in the Tron network create conditions for a potential increase in TRX price in the future, thanks to steady TVL growth and reinforcement of its decentralized strategy.
