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Over the past 24 hours, Tron [TRX] It turned slightly bulls and the price rose by 2.1% and pushed the asset back on the bull path with an increase of 0.26%.
This growth coincides with mixed market signals. The analysis revealed that while shoe merchants accumulate, the activity on the chain remained significantly low.
Tron continues to dominate the Stablecoin tributary. In the last 24 hours, the network has reached a new milestone, with $ 80 billion in Stablecoins, now on-chain.
This means a significant increase from its annual minimum of $ 59.76 billion. The growth will place the TRON before Ethereum [ETH]who previously led in the stake of Stablecoin.
Tron’s low transaction fees and the rapid settlement time led this shift. In the middle of this development, the TRX – a native network token – takes out for benefit because it is used to settle transactions on the chain.
The investor segment considered this development to be a bull and began to bet on the potential rally of the TRX.
Investors Spot and Defi actively accumulate TRX, probably in anticipation of the assembly.
At the time of writing, the Participants of the Spot Market, who sold TRX worth $ 16 million, suspended their sales and continued their purchase.
This group has so far added a total of $ 1.75 million to its portfolios, moved tokens to private wallets to data from Coinglass.
Defi investors also renewed the purchase of TRX and added to their private shares for long -term storage.
At the time of printing, more liquidity flowed into the Tron Prints. The analysis shows that the TRX worth $ 184 million was locked on these platforms.
The total value locked (TVL), which measures this activity, was $ 4.359 billion at the press.
However, the sentiment is not evenly positive. The chain data reveals a continued decline in activity.
Activity on the string decreases because the number of transactions and unique active addresses continued to decline.
Data at the time of printing shows that the number of transactions has fallen to 7.6 million, which is significantly reduced from the performance of the previous day.
Artemis data shows that transactions carried out in tandem with a decrease in active addresses to 2.2 million.
This decline points to decreasing TRX users and strengthens the bear sentiment across the market parts.
In derivatives, traders are also leaning bear, as evidenced by the open interest rate of financing, which negatively changes to -0,0007%.
If this descending descent continues, this could lead to more short contracts, directly against purchasing activities from investors of the spot and defi.