2025-03-03 13:41:00 by The Coin Republic

Tron’s native coin TRX did not make it into the list of cryptocurrencies to be added into the recently confirmed U.S crypto reserve. Nevertheless, the network has some interesting milestones to celebrate, that could underscore TRX’s performance in the coming weeks or months. Tron Network Buckling up For Growth It is no secret that the Tron network ranks among the blockchains with the highest liquidity. The network just kicked off March with its stablecoin marketcap clocking its highest recorded figure at $63.51 billion. Tron’s TVL has doubled since June 2022. Tron stablecoin marketcap and TVL | source: DeFiLlamaWhile stablecoin growth has been positive, the same courtesy does not extend to the its total value locked. Its TVL declined to a 12-month low of $4.68 billion in the last 12 months. The network had 19.17 billion TRX in lock-up as at 2 March. In contrast, its TVL soared over 80.80 billion TRX at its peak in March 2024, which was the highest level in the last 12 months. Aside from the stablecoin growth, Tron has also experienced robust growth in another key area. It currently holds the top spot in the list of networks with the highest number of active addresses. The latest data revealed that it had 2.43 million which was on par with Solana’s active addresses. This confirms that Tron has achieved an impressive level of adoption so far. TRX Price Action Recap The coins set to be added to the U.S crypto reserve achieved impressive upside in the last 24 hours. Although TRX did not make the cut, it still rode on the bullish market reaction. TRX exchanged hands at $0.244 at the time of observation, after rallying by 4.49% from its opening price for the day. It was also up over 12% from its lowest price point in the last 3 days after enjoying some bullish price action during the weekend. TRX price action | source: TradingView TRX was still restricted within the same narrow range where it has been stuck since the start of 2025 despite the recent uptick. For context, the coin only dipped by 14% from its monthly opening to closing price in February. A relatively low drop compared to some of its top rivals. While its price action might be considered an underperformance compared to some of its top counterparts, TRX still underscores sizable potential. For example, a recovery from its press time price level to its historic high achieved in December, will yield over 80% upside. TRX Demand Heating Up? Demand for TRX in the spot and derivatives segment also appears to be on track for a strong move this week. Spot inflows were up by $12.54 million in the last 24 hours, while derivatives volumes were up over 49%, with a 14.55% uptick in open interest. Some may view TRX’s failure to be listed as one of the altcoins in the U.S crypto reserve as a disadvantage. However, the network’s organic growth in terms of liquidity and active addresses still underpins its potential. Meanwhile, Tron’s DeFi ecosystem continues to expand. It currently hosts 34 protocols and its strong stablecoin position continues to support impressive revenue figures.