The price of TRX may rise as address activity reaches a peak after 2 years.

In the first week of June, the Tron network closed its trading days with the position of one of the most "watchable" blockchains, thanks to a series of positive signals. The focus is on the explosion of active addresses: the number of daily active addresses has surged above 3 million, bringing this indicator back to levels seen nearly two years ago — a leap that shows the vitality and demand for the network is experiencing a strong revival.

Source: CryptOpusAccording to data from DeFiLlama, the number of active addresses on the Tron network has surged, reaching 4.58 million on Friday — an impressive figure reflecting the growing interest in this ecosystem.

Not only limited to address activity, Tron has also recorded a strong breakthrough in liquidity. The amount of stablecoin on the network has surpassed the new historical peak of (ATH), reaching over 77 billion dollars. These figures indicate that Tron is experiencing a period of sustainable growth in both users and the value flowing within the ecosystem.

Tron address activity and stablecoin liquidity | Source: DeFiLlamaThe impressive growth of stablecoins on the Tron network may be the key to explaining the surge in address activity. Although there are still many other influencing factors, Tron’s focus on stablecoins has clearly been effective, contributing to increased utility and attracting more real users to the ecosystem.

In addition, Tron has also just reached another important milestone: the total number of daily transactions on the network has exploded, surpassing 11 million transactions just last Friday. The surge in address activity has led to a strong increase in transactions, further solidifying Tron's position as one of the most dynamic and practical blockchains today.

! TRX Trading | Source: DeFiLlamaThe last time the number of daily transactions on the Tron network exploded to similar levels was in July 2023. Since then, trading numbers have mostly hovered below the 10 million threshold, and only once in October 2024 have they reached this mark — but only for a short time.

Therefore, the recent surge in both transactions and address activity is a clear sign that the Tron network is entering a phase of positive recovery. However, not all core metrics have shown optimistic trends in the first week of June.

Specifically, the total value locked (TVL) on the network has decreased significantly, from 6.53 billion dollars on May 31 to only 4.86 billion dollars on June 7 — a decline that indicates a temporary retreat in capital flows within the ecosystem. Additionally, revenue from decentralized applications (dApp) on Tron also recorded a noticeable drop: although it peaked slightly at over 55,000 dollars during the week, it ended the month at only about 6,000 dollars.

The above figures reflect a positive growth picture for Tron in terms of user activity and transactions, but there are still some challenges regarding economic performance in the short term. However, the decline in TVL and application revenue does not seem to significantly affect the overall strength of the network – as well as the value of the native coin TRX.

In contrast to the general downward trend in the market, TRX recorded steady growth in the first week of June. While most of the top cryptocurrencies – including Bitcoin – faced heavy selling pressure, causing the total market capitalization of crypto to decrease by about 0.78% during the week, TRX once again demonstrated a divergence trend compared to the broader market.

This coin continues to maintain its growth momentum, recording an increase of about 5.6% over the week. This is evidence that confidence is still being upheld by the investor community – despite the overall volatility of the digital asset market.

! TRX TRX Price | Source: TradingViewThe TRX price peaked at $0.287 on Saturday, marking a 5-month high — a milestone in the coin's recovery journey. Despite recording significant gains, technical indicators have yet to show overbought, opening up the possibility of further growth to the psychological resistance zone at the $0.3 mark.

On-chain data further reinforces this positive outlook. Specifically, the outflow of funds from the network in the past 24 hours was just under 5 million dollars — a modest figure compared to the inflow during the same period, which was three times higher on Saturday. This indicates that investor confidence remains high, and selling pressure is being well managed.

In the derivatives market, trading activity also reflects strong interest from traders. The daily trading volume exceeds 270 million dollars, while OI reaches 294 million dollars — a sign that capital is still flowing into the TRX market. Notably, the amount of Short liquidations is 10 times that of Long positions, indicating that a large number of Short positions are being "wiped out", and the buying side is clearly dominant.

Despite its outstanding performance recently, TRX is still trading at a discount of about 36% compared to its all-time high — implying that this coin still has significant room for growth before reaching new record price levels.

The impressive performance of TRX not only reflects the inherent strength of the Tron ecosystem but also reinforces its position as one of the most notable digital assets today. The question now is: Can TRX maintain its upward momentum and continue to outperform the rest of the market? The answer will depend on whether the capital flow continues to support the current trend and whether the macro market conditions are favorable.

Minh Anh