Since its launch in June 2018, TRON has achieved a significant milestone by surpassing 10 billion total transactions. As per a May 1 analysis by CryptoQuant contributor Maartun, the network currently handles approximately 8.4 million transactions every day. Although activity peaked during the 2021 and 2023 bull runs, TRON’s ( TRX ) daily usage has been increasing steadily. Maartun stressed that this level of on-chain traffic is often overlooked but remains a strong bullish signal. Milestone: TRON just crossed 10.0 B Total transactions! “Daily transaction count is around ~8.4 million. This is among the highest in the space. Activity has picked up during bull market spikes in 2021 and 2023, but is still growing daily.” – By @JA_Maartun pic.twitter.com/y7YpNG2Rtx — CryptoQuant.com (@cryptoquant_com) May 1, 2025 On-chain data shows that TRON is gaining momentum in several areas. According to DeFiLlama data , the network’s total value locked is currently sitting at $5.03 billion. Recent activity suggests a recovery trend, even though it is still less than the $7 billion recorded at the beginning of the year. Decentralized exchange volume, on the other hand, has reached its highest monthly level this year, rising from $3.4 billion in March to $4.9 billion in April. Additionally, TRON’s position in the stablecoin market keeps growing. The network’s stablecoin market capitalization has increased from $58 billion in Janyary to over $70 billion. In late April, there was a significant increase of $2.17 billion added in a single week. This included Tether ( USDT ) minting $1 billion USDT on Apr. 21. You might also like: World Liberty Financial’s USD1 to integrate with Tron network On the technical side, TRX is trading close to $0.245, just below the crucial resistance level of $0.25. The price is still above several key moving averages, such as the 50-day and 100-day, a feature which is generally seen as a bullish indicator. TRON price analysis. Credit: crypto.news At 51, the relative strength index is neutral, but the moving average convergence divergence indicator is slightly bearish. Most other oscillators remain flat, suggesting a wait-and-see approach from the market. The next upward target , which is in line with the upper Bollinger Band, is located between $0.26 and $0.265. It could be reached if bulls are able to turn $0.25 into support. A breakdown below $0.243 could invalidate the bullish setup and retest the $0.239–$0.240 support zone. Meanwhile, TRON’s fundamentals continue to improve. On Apr. 30, web3 staking service provider P2P.org was approved as a TRON Super Representative, enabling participation in block production and institutional staking. Earlier in April, Canary Capital filed for a spot TRX ETF with staking features, signaling growing interest from traditional finance. TRON founder Justin Sun has also voiced optimism, predicting that TRX’s market capitalization will reach a new all-time high in Q2 2025. He cited a growing correlation with Bitcoin ( BTC ) as a sign of maturing market behavior. Read more: Justin Sun launches incentives to bolster TRON memecoin ecosystem as TRX price stands cautiously bullish
