The price movement for Tron (TRX) remains negative because its value sank past the 40% threshold from its 2024 peak. This Friday TRX stood at $0.2290 despite positive market trends which predicted an increase in value.
TokenTerminal indicates Tron maintains the second-place position behind Tether when it comes to blockchain fee generation. Followed only by Tether at $430 million Tron’s network fee generation total reached $330 million for this year while Ethereum earned $172 million and Solana raised $278 million.
Tron’s Stablecoin Market Surge
Tron experiences its most significant growth factor through its influence on stablecoin markets. The total market value of its stablecoins now exceeds $61 billion and the payment transactions process over $100 billion in a day. USDT adoption through Tron has been confirmed by the steep increase in holder numbers to 60.4 million.
Tron pays out portion of its transaction fees to validators along with holders through its staking mechanism. The StakingRewards system indicates Tron offers 4.5% staking yield which outpaces Ethereum at 3.12% and Sui at 2.54%.
TRX supply reduction acts as one of the positive indicators for Tron Network development. The ongoing token burn process reduced circulating supply from 86.15 billion to 86.11 billion during the last month thus creating deflationary conditions for the market. Network operations show an increasing trend because daily transaction numbers have surpassed 7 million compared to 5.4 million this time one week ago. The transaction totals on Tron have exceeded 9.56 billion.
The chart of Tron indicates a technical formation of a falling wedge pattern that typically signals rising market conditions. TRX demonstrates resistance against price moderation because bearish traders cannot break past its 200-day exponential moving average support zone.
The current market path of Tron gave analysts reason to believe that TRX may reach its historical peak value of $0.4485 which represents a potential 96% price increase from its current levels. The positive market outlook for TRX would become invalid if the token price falls beneath the 200-week moving average.
This news is republished from another source. You can check the original article here
