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