**Tron Network Hits New Milestones as Daily Active Addresses Reach Record Highs**

Tron’s network activity surged this week, setting new records for daily active addresses and transaction volume. On Tuesday, Tron recorded 5.7 million daily active addresses, surpassing the previous day’s record of 5.4 million, according to TRONSCAN data. The network also processed over 12.6 million transactions on the same day—the highest daily transaction count since June 12, 2023.

Blockchain analytics platform Nansen described the spike in activity as “top-tier” with “zero fanfare,” highlighting that this impressive throughput occurred without major headlines or market hype. Additionally, Nansen’s data shows that daily active Tron addresses jumped 69% week-over-week to nearly 11.1 million, marking the largest weekly increase among major blockchains.

**TRX Price Performance and Trading Activity**

Despite these robust network metrics, TRX price action tells a different story. As of the latest data, TRX is trading at $0.2966, down 0.69% over the past 24 hours and 7.28% over the past week. However, trading volume has increased by 18.8% to $812.36 million, indicating sustained trader interest amid price declines.

**USDT Transfers Fuel Tron’s Network Growth**

A significant driver of Tron’s growing network activity is its facilitation of Tether USDT stablecoin transfers. Tron handles between 15 and 20 million USDT transfers weekly, making it one of the most active token-and-chain payment combinations in the cryptocurrency space. The network sees widespread use across Africa, Asia, and South America, where users benefit from fast, low-cost US dollar-pegged transfers—especially in regions with limited access to actual US dollars.

On October 21, Tether announced it had reached 500 million USDT users, a milestone CEO Paolo Ardoino dubbed “likely the biggest financial inclusion achievement in history.” USDT remains the largest stablecoin, boasting a market cap of $183.2 billion and a 58.8% market share, per CoinGecko. While Ethereum hosts the largest USDT holdings at $83.4 billion, Tron ranks second with $78.7 billion in circulating USDT, according to DeFiLlama.

**Technical Indicators Signal Continued Bearish Pressure**

Technical analysis suggests that TRX may face ongoing downward momentum. Analyst Umair Crypto pointed out that TRX has fallen below its previous wick low—a bearish technical signal—and is currently trading below its 200-day Simple Moving Average, indicating sustained bearish control.

Although a minor bullish divergence has appeared, which could hint at short-term relief, any meaningful rebound would require confirmation through a daily close above $0.2983. The Relative Strength Index (RSI) is near oversold territory at 36.93, with the lower bound at 32.15, implying that sellers still dominate, though the downward momentum might be easing.

The Moving Average Convergence Divergence (MACD) remains negative, with the MACD line at -0.0077 and the signal line at -0.0017, keeping the histogram below zero. Open interest in derivatives has declined by 1.32% to $327.48 million, suggesting reduced speculative activity. Meanwhile, trading volume increased 4.51% to $229.55 million, reflecting active yet cautious trading behavior. The Tron open interest-weighted funding rate stands at -0.0014, indicating a short bias among derivatives traders.

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Tron’s remarkable network growth and stablecoin activity underscore its critical role in global crypto payment systems, despite current price headwinds. Market participants will be watching to see if technical signals shift in favor of bulls or if the bearish trend persists.
https://coincentral.com/tron-trx-price-daily-active-addresses-hit-record-high-despite-price-weakness/