Understanding the Disconnect: TRON’s Growing Network vs. TRX’s Flat Demand

Summary:
TRON's network activity is rising, indicating a healthy adoption rate, while the price of TRX continues to fall. This article explores the factors behind this disparity, examining key metrics such as active addresses, stablecoin settlements, and the Total Value Locked (TVL) to understand the broader implications for TRON's ecosystem.

Key Takeaways

TRON’s network is experiencing increased activity, with a steady rise in active addresses and stablecoin transactions.
Despite network growth, TRX prices are in a retracement phase, showing bearish trends and persistent selling pressure.
The Total Value Locked (TVL) metrics indicate potential for future recovery, but current price action remains weak.

TRON’s growing network vs. TRX’s flat demand: The disconnect explained

Network Activity Surging Despite Price Decline

TRON's prices have been in a downward phase since late August, and this trend continues as of the latest updates. However, network activity, including stablecoin settlements, is on the rise.

TRON Active Addresses
Source: CryptoQuant
Data from CryptoQuant reveals that the weekly average number of active addresses on the TRON network has been increasing since September 2023. Notably, the uptick that began in April 2025 has maintained an upward trajectory without interruption.

TRON USDT Transfers
Source: CryptoQuant
Monthly USDT transfers on TRON have also demonstrated an upward trend over the past years, with a slight drop in October from $774.94 billion to $699.4 billion. These metrics highlight that TRON continues to be a preferred option for stablecoin transactions, promoting network adoption.

TRON TVL Delta
Source: CryptoQuant
The Total Value Locked (TVL) also saw a positive shift in the last two weeks, indicating a welcoming sign of increased adoption. Historical patterns suggest that a rising TVL often coincides with price rallies, as observed in July 2025. However, brief increases in TVL have also occurred during periods of price consolidation for TRX, making it uncertain whether this trend will lead to an upward price movement.

Disconnect: Increased Network Adoption vs. TRX Price Retracement

The price analysis indicates that TRON has fallen below its 365-day moving average and additional significant moving averages, including the 50-day and 100-day, are also trending downward due to the persistent downward momentum since September.

TRON 1-day Chart
Source: TRX/USDT on TradingView
The daily chart of TRON shows a strong bearish trend, characterized by a series of lower lows typical of a downtrend. Insights from the Fibonacci retracement levels plotted from the rally in March reveal that TRON is facing significant retracement. This phenomenon helps clarify the contrast between the increasing adoption of the network and the subdued price activity. Additionally, the On-Balance Volume (OBV) indicates consistent selling pressure on TRX, which is not affected by the underlying network fundamentals.

Conclusion

The current situation for TRON highlights a notable divergence: while network activity and adoption metrics are on the rise, TRX's price remains under pressure. Understanding these dynamics is crucial for investors and newcomers in the cryptocurrency space, as it underscores the complexities that can influence a digital asset’s performance beyond mere market sentiment.