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TRON’s average USDT transfer volume is increasing, rising from $4273 in June 2023 to $9718 by December 2024. Could Tron price show a recovery towards ATH from now?
This represents a significant growth of 127% over the period. The data shows fluctuating trends, with consistent highs and lows visible on the timeline.
A sharp increase in volume was observed from June 2023 to October 2023, followed by a drop in November and a steady increase until early 2024.
Transmission volume reached a significant peak in March and April 2024, increasing market activity.
A consistent upward trend in the second half of 2024 suggests that TRON may maintain this trajectory in 2025.
The samples reveal an increase in transactional trust among users, strengthening TRON’s ecosystem.
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The absence of a mint/burn effect reinforces these findings, highlighting pure transfer activity.
The total number of TRON accounts has exceeded 280 million, can the price of Tron rise?
The total number of TRON accounts has exceeded 280 million, signaling growing adoption and network activity. Increased transaction activity reflects increased user confidence and the expansion of the ecosystem.
The absence of mint/burn effects highlighted the genuine demand for the transfer. The sustained growth suggested potential impacts on TRON’s future prices, which could reflect increased usage in its ecosystem.
If this trend were to continue, TRON’s price action would remain bullish due to growing network utility.
The chart shows Tron (TRX) price action within a descending channel pattern, marked by lower highs and lower lows, suggesting bearish momentum.
Recently, the price of TRX approached the bottom of the channel, indicating potential support around $0.256.
A pronounced descending trendline above the price reflects resistance. A break above this trend line, indicated by an up arrow, could signal a bullish reversal.
Conversely, failure to break this resistance could result in continued downward pressure, potentially testing and even breaking below the current support level.
The interplay of TRON prices between growing account numbers and higher transfer volumes is interesting.
The trends reinforce its ability to maintain upward momentum in network activity and market valuation.
Investors should watch for a breakout or pullback from these key levels to gauge future direction.
The total value of locked TRON DeFi products has reached $7.309 billion
TRON DeFi products across TVL reached $7.309 billion, reflecting its continued growth in the decentralized financial sector.
The graph shows the fluctuations of TVL from mid-2020 to 2024, with a significant increase in mid-2021, where TVL reached a peak of close to USD 10 billion.
After this increase, 2022 experienced a downward trend, with occasional recoveries, stabilizing between USD 4 and 6 billion.
A stronger recovery began in late 2022, continuing through 2023, with TVL steadily climbing above $7 billion. By early 2024, TVL briefly topped $8 billion before falling back to near $7 billion.
The pink bars representing transaction volumes reflected similar volatility, peaking in mid-2021 and then gradually declining.
The recovery started in late 2022, showing increased activity related to DeFi products. If current trends continue, TRON’s TVL could sustain growth, potentially fueling further adoption of its ecosystem.
This data highlights TRON’s ability to maintain a significant position in the DeFi market, with $7.309 billion marking a significant milestone in its evolution.
