Tron Network Transactions Surpass 13 Billion, TRX Gains 4% in Four Weeks

Tron, one of the fastest-growing blockchain networks in recent years, has achieved a significant milestone with its network transactions surpassing 13 billion. This accomplishment underscores the network's success and positions it as one of the leading blockchains globally. The network has also managed to achieve over 8 million daily transactions, further cementing its status in the crypto world.

A recent report highlighted that a substantial portion of the transaction activity on the Tron network was related to stablecoins, with USDT being the most dominant. The network facilitated an average of more than $21 billion in USDT transfers every week, demonstrating its robust adoption and utility. This trend is particularly pronounced in regions such as Asia and South America, where Tron operates as a parallel system to traditional financial systems. The network's fast and efficient transfers, along with its role as an alternative to volatile fiat currencies, have contributed to its widespread adoption in these areas.

Tron's regional adoption continues to grow, with Russia emerging as a key market. A state-owned technology and defense company, Rostec, has launched a new crypto token called RUBx. This token, backed by the Russian Ruble, is the first Russian stablecoin developed by a state corporation to be rolled out on a public blockchain. The launch of RUBx is significant not only for its potential to bypass international sanctions and traditional banking systems like SWIFT but also for its geopolitical implications. Analysts anticipate that Tron could benefit from the robust demand for international fiscal exposure from Russia, further boosting the network's transaction figures.

The addressable market for RUBx is currently unknown, but insights can be drawn from another Russian stablecoin, A7A5. Reports indicate that A7A5 transacted about $9.3 billion worth of value in its first four months, highlighting the strong demand for Russian stablecoins in the local market. The launch of RUBx is expected to push Tron's stablecoin market cap higher, as the network's stablecoin liquidity has maintained a steady uptrend, recently reaching a new all-time high above $81 billion.

Tron's native coin, TRX, has shown bullish momentum in recent weeks, concluding the last week of June and the first week of July in the green. At press time, TRX was trading at $0.28, demonstrating resistance within the same price level. The Money Flow Index (MFI) regained its upside since the end of June, indicating strong demand. Approximately 4% of TRX in circulation was acquired within the last four weeks, while 65% of the coins were acquired or held for more than 12 months, signifying a long-term focus. Despite a few pullbacks, TRX's ability to maintain upside momentum suggests limited sell pressure, positioning it for potential further gains.