2-5-2025 -TRON’s network has eclipsed 10 billion total transactions since its inception in June 2018, marking a watershed moment for the digital platform.
The network’s robust fundamentals have received a significant boost, with P2P.org securing approval as a TRON Super Representative on 30th April, paving the way for institutional staking and block production participation. This development coincides with Canary Capital’s application for a spot TRX ETF with staking capabilities, signalling mounting interest from traditional financial sectors.
Technical analysis reveals TRX hovering near $0.245, maintaining positions above crucial moving averages whilst challenging the $0.25 resistance threshold. Market sentiment appears measured, with a neutral RSI reading of 51, though the MACD indicates a slightly bearish undertone. Analysts suggest the next potential surge could target the $0.26-$0.265 range, contingent upon bulls establishing $0.25 as a support level.
Daily transaction volumes have settled at an impressive 8.4 million, according to CryptoQuant analyst Maartun, who emphasises this oft-overlooked metric as a compelling bullish indicator. The platform’s decentralised exchange activity has witnessed particular vigour, with monthly volumes surging from $3.4 billion in March to $4.9 billion in April.
The network’s stablecoin dominance continues to strengthen, with market capitalisation expanding from £58 billion in January to exceed $70 billion. A notable surge occurred in late April, with $2.17 billion added within a week, bolstered by Tether’s $1 billion USDT minting operation on 21st April.
TRON’s total value locked currently stands at $5.03 billion, showing signs of recovery despite sitting below the $7 billion registered at the year’s outset. Justin Sun, TRON’s founder, has projected an optimistic outlook, anticipating TRX’s market capitalisation to reach unprecedented heights by Q2 2025, citing increasing correlation with Bitcoin as evidence of market maturation.
