TRX Surges 64% in Daily Active Addresses Amid Spot Buying Boom

TRX, the native token of the TRON network, has experienced a notable surge in user activity and spot buying, indicating a renewed interest in the altcoin. This increase in activity comes amidst mixed signals from the decentralized finance (DeFi) sector, which shows a more cautious outlook.

The surge in user activity is evident from the significant increase in daily active addresses, which jumped from 2.8 million to 4.6 million, a 64% increase. This surge is accompanied by a rise in transaction volume, reaching 11 million transactions, indicating heightened on-chain utilization. The increase in spot trading volume to $507 million, a 14% rise within 24 hours, further supports the narrative of growing investor interest and confidence in the asset’s near-term prospects.

However, the DeFi metrics present a contrasting picture. The Total Value Locked (TVL) in TRON-based DeFi protocols remains stagnant at approximately $4.89 billion, showing limited signs of liquidity recovery. More notably, decentralized exchange (DEX) trading volume has plummeted by 62% over five days, dropping from $213.45 million to $80.8 million. This steep decline suggests a waning interest from decentralized traders, potentially indicating profit-taking or risk aversion within this segment.

This divergence between spot market enthusiasm and DeFi activity underscores a nuanced market environment. While spot traders appear bullish, decentralized traders may be exercising caution amid broader market uncertainties. Data from TRX exchange inflows and outflows reveal that spot traders have been the primary drivers behind the recent price rally. Over the past 24 hours, spot purchases have outpaced sales, with approximately $1.27 million worth of TRX acquired. This buying pressure from spot markets contrasts with subdued activity in derivative markets, where trading volumes and open interest have remained relatively flat. Such dynamics suggest that the rally is fueled by direct accumulation rather than speculative derivative positions.

Continued spot accumulation could sustain upward price momentum, but investors should monitor DeFi metrics and broader market trends for confirmation. For sustained growth, TRX will need to reconcile these divergent signals by fostering greater engagement across both spot and decentralized markets. Investors are advised to watch key on-chain metrics and trading volumes closely to gauge the durability of this rally.