TRON network activity reaches 9 million transactions daily, but TRX is still sluggish – The reasons behind it

The TRON network is recording between 9 to 10 million transactions daily, with USDT transfer volume reaching 25 billion USD and 15.1 million active accounts, demonstrating the widespread popularity of the platform despite the price movements still being weak.

What is pulling the price of TRX down?

Spot Taker CVD data shows that bears are in control with a level of -35 million Delta, implying that selling pressure could pull TRX down to 0.32 USD if market sentiment does not reverse soon.

Since hitting the 0.35 USD mark four days ago, TRON (TRX) has shown short-term weakness, sharply dropping to a low of 0.335 USD. At the time of writing, this altcoin is trading around 0.336 USD, down 3.03% on the daily chart and 3.96% on the weekly chart.

However, despite the weakening of the market, activity on the TRON network remains relatively strong, reflecting the widespread use of this coin.

TRON network reaches new milestone

According to data from CryptoQuant, the daily transaction volume on the TRON network has remained at 9–10 million throughout September. The 30-day moving average (30 DMA) shows that the network continuously records over 9 million transactions each day, an increase of about 20% compared to January.

Source: CryptoQuantThis strong growth reflects the increasing use of TRON, indicating a widespread acceptance of the network. In this context, stablecoins play a key role: USDT transactions on TRON reached a volume of 25 billion USD, according to data from Artemis.

Source: ArtemisNot only trading, the number of active accounts in the last 30 days (30D) of TRON has also steadily grown, reaching 15.1 million, while the total number of accounts on the network has risen to 300.4 million.

Source: DuneThe surge in active users along with large transaction volume is clear evidence of the network's natural and sustainable growth.

Concerns about user retention still exist

Notably, although the TRON network is witnessing a significant increase in usage levels, the issue of user retention remains a major challenge.

Coinphoton points out that many new users join the network but quickly leave. According to data from Artemis, the Monthly Cohort Retention Rate of TRON has decreased from 19% to just 2% at the current time.

Source: ArtemisThis number shows that only a very small portion of users return regularly each month, causing most newcomers to quickly withdraw, leaving behind a small group that is truly committed to the network.

Specifically, the cohort of May 2025 recorded 6.2 million participants, but by August 2025, only 12% of them continued to be active on the platform.

Impact on the TRX market

Interestingly, although activity on the TRON network continues to increase, this has not yet created a positive price momentum for TRX.

On the contrary, the sentiment of TRX investors is turning pessimistic, accompanied by a sharp increase in selling volume. Spot Taker CVD data shows that sellers have a clear advantage in the market over the past week. When the Spot market is dominated by sellers, it means that the number of sell orders far exceeds buy orders — this is confirmed by the negative level in the Spot Buy Sell Delta index.

Source: CryptoQuantAccording to Coinalyze, TRX recorded a selling volume of 206 million USD compared to a buying volume of 171 million USD, creating a Delta of -35 million USD in just 24 hours. History shows that strong selling activity in the Spot market often signals impending downward pressure. If this trend continues, TRX could fall to the threshold of 0.32 USD.

Source: CoinalyzeHowever, if the strength from utilizing the network is reflected in positive sentiment, TRON still has the potential to recover and challenge the resistance level of 0.35 USD.

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