todayonchain.com

TRON Network Hits Record User Growth as TRX Price Faces Worst Q4 Decline

BeInCrypto
TRON achieved record user growth and high derivatives volume, yet TRX faces its worst Q4 decline amid centralization concerns.

Summary

The TRON network experienced significant expansion in December, reaching an all-time high of 355.4 million accounts, with daily new account creation exceeding 240,000. Active addresses remained steady, and perpetuals trading volume hit $1.1 billion, indicating heightened interest in leveraged trading. TRON also maintains a substantial 26% share of the stablecoin market. Despite this strong network adoption and fundamentals, the TRX token price has lagged significantly, recording a 16.2% loss since October, setting it up for its worst fourth-quarter performance since 2017. Analysts note this divergence between strong fundamentals and weak price action. Furthermore, concerns about centralization persist, highlighted by reports that Justin Sun controls over 60% of TRX tokens, contrasting with the steep declines seen in other Sun-linked ecosystem tokens.

(Source:BeInCrypto)