The TRON Network Shows Signs of Accumulation
The TRON network seems to be slowing down. But that doesn’t mean it’s dead. If we look closely, there are many indicators that show that the ecosystem is in an accumulation phase. According to the latest on-chain analysis, the number of new wallets and gas fees are declining. Transaction activity is also not as high as it was a few months ago. Even when the price has been rising, interest from new users has remained flat. It’s a kind of pause. Not because it’s losing traction, but more like it’s catching its breath for the next sprint.
Source: CryptoQuant
TRON Users May Be Waiting for the Next Big Move
Furthermore, this decline didn’t just happen out of the blue. In the past, when TRON hit an all-time high, complex transactions were booming and gas usage was skyrocketing. But now, both average and peak gas usage are down drastically. This isn’t just empty data—it’s a signal that users are sitting back, waiting, or perhaps preparing to re-enter with a new strategy. It could be a bit like the quiet market atmosphere before a big discount store opens.
However, don’t be too quick to conclude that the network is losing its way. CNF reports that TRON currently supports over 300 million accounts—that’s a number that can’t be underestimated. Even the functions on this network have included micro activities such as micro-tipping, to the issuance of stablecoins worth billions of dollars.
A Major Collaboration That Turns the Narrative
On the other hand, TRON’s strategic collaboration with Tether on May 1, 2025, gave a new boost to this network. The result? The daily transaction volume of USDT on the TRON network jumped 12% to $3.5 billion. Not only that, the number of active wallets also increased sharply by 15% and the amount of TRX staked also increased by 1%. Just imagine, in an ecosystem that is said to be ‘stagnant’, there was such a significant increase in participation in a short time.
Just the day before, the stablecoin supply on TRON experienced a quite striking spike. In a week, the value of USDT and USDC on this network increased by $2.17 billion. Tether even printed an additional 1 billion USDT on TRON, bringing the total supply of USDT on this network to $71.7 billion. Nansen analysts say that during the seven-day period, TRON generated $11.7 million in transaction fees—outperforming peer networks Solana and Ethereum.
Market Vulnerabilities and Signs of Recovery
However, the market still has its vulnerabilities. On May 4, 2025, trading volume on TRON’s DEX dropped sharply. There are concerns about on-chain activity starting to wane. Interestingly, TRON’s Total Value Locked (TVL) which had hit a low of $4.3 billion, has slowly recovered to above $5 billion. This is an indication that trust in DeFi on TRON has not completely disappeared—it may just be waiting for the right time to rise again.
Meanwhile, as of press time, TRX is swapped hands at about $0.2480, slightly down 0.34% over the last 24 hours and moving sideways over the last few weeks.