TRON’s token TRX has barely budged despite a flurry of on‑chain action. Traders saw a 5% gain over the past week and a measly 0.50% uptick in the last 24 hours. But behind those mild price moves, there’s a storm of activity that could shape how TRX fares in the days ahead.
Surge In On‑Chain Activity
According to data from Artemis, daily transaction counts shot up to over 9 million, up from 7.5 million the day before. That jump in numbers sent active addresses soaring.
On‑chain participants climbed to 2.7 million, marking the highest level since June 6. Based on reports, much of this traffic appears tied to stablecoin transfers rather than new users or fresh investment.
The spike in transaction volume doesn’t match TRX’s price action. That gap hints at wallets moving funds out of exchanges, routing payments, or chasing yield elsewhere.
Users aren’t rushing to hold TRX for its own sake. They’re using the network as a highway and then driving off into other chains.
Stablecoin Outflows Hit Record High
According to Artemis, TRON’s stablecoin supply hit $80 billion in June, setting a new milestone for the network. Since then, about $185 million worth of stablecoins have fled the chain.
That outflow marks a sharp reversal in user habits. People who once parked their USDT and other tokens on TRON look to be shifting them to new destinations.
The pullback follows a broader rotation in crypto markets where investors chase better rates or lower fees. TRON once drew crowds for its low transaction costs. Now, competing chains and Layer 2 platforms are undercutting its edge. That has cut into TRX’s role as the network’s workhorse token.
Revenue And TVL Take A Hit
Artemis figures show that TRX’s total revenue plunged to just $114,000 in a single day. That number sits at a four‑year low. Network fees in TRON come from “bandwidth” and “energy,” so when users batch transfers or switch to zero‑fee bridges, fee income collapses fast.
Based on data from DeFiLlama, total value locked on TRON protocols fell by 0.50% in 24 hours, a drop from $4.80 billion to $4.85 billion. That’s about $26 million walking out the door.
While a half‑percent move might look small, it underlines a trend. Every million dollars that leaves makes it tougher for lending pools and yield farms to keep their rates up.
Despite the outflows, TRX hasn’t broken key support levels yet. It still trades above areas that buyers defended in late spring. But if TVL keeps sliding and stablecoins continue to exit, we could see more pressure on the token’s price.
Featured image from P2P.org, chart from TradingView
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Christian Encila
https://www.newsbtc.com/news/tron-under-stress-trx-revenue-drops-as-nearly-190m-flows-out/
2025-07-04 04:00:28
