Over the past couple of weeks, Tron (TRX) has been on a rollercoaster ride.
After hitting multi-year highs, the cryptocurrency experienced some sharp price swings.
Yet, despite the short-term turbulence, TRX bulls have been steadfast in defending crucial support levels.
The network’s solid fundamentals continue to give investors confidence, signaling that Tron’s long-term trajectory remains promising.
Analysts note that Tron’s resilience is not just about technical patterns—it’s also supported by strong on-chain activity that distinguishes it from many other blockchains.
Stablecoin Demand Surges on Tron
Leading analyst Darkfost recently highlighted remarkable activity on the Tron network.
TRC-20 USDT flows from centralized exchanges have hit record highs, indicating an unprecedented demand for stablecoin transactions.
This surge highlights Tron’s growing importance as one of the primary blockchains for USDT usage.
Investors are drawn to its low fees, fast transaction speeds, and a thriving ecosystem of services built on top of the network, making it highly practical for both retail and institutional users.
Tron Becomes a Backbone for USDT Transfers
The combination of strong fundamentals and increasing adoption has positioned Tron as a key infrastructure layer in the stablecoin economy.
Even as market volatility tests sentiment, the network’s growing role in USDT transfers points to a bigger picture: Tron is steadily becoming a utility-focused blockchain, not just a speculative asset.
For many investors, this adoption trend is a clear sign that Tron’s value extends beyond day-to-day price movements.
Tron Strengthens Its Role As Leading Blockchain For USDT
Darkfost emphasizes that one of the clearest indicators of Tron’s strength is the adoption of TRC-20 USDT on centralized exchanges.
Since late 2024, on-chain volumes from exchanges have risen dramatically, demonstrating deeper reliance on Tron’s infrastructure.
Data from August 22 underlines this trend: over $13 billion worth of USDT moved on-chain from centralized exchanges in a single day.
This represents the third-largest daily USDT volume ever recorded on Tron, highlighting the network’s central role in global stablecoin settlements.
A closer look at the numbers shows Binance leading these flows, accounting for more than 65% of TRC-20 USDT transfers among major exchanges. HTX follows with 18%, and Bybit contributes 5%.
These statistics show that major players in the crypto industry increasingly depend on Tron to handle massive stablecoin liquidity efficiently.
TRX Price Holds Key Support Levels
TRX is currently trading around $0.348 after pulling back from highs near $0.37.
The 4-hour chart shows a sharp dip, but buyers stepped in around the 200-day moving average at $0.342 to defend the trend.
This rebound suggests that while short-term momentum has cooled, the broader uptrend remains intact as long as TRX maintains support above this critical level.
Right now, TRX is consolidating between the 50-day moving average at $0.354 and the 200-day support, forming a narrow range that reflects market indecision.
Bulls need to reclaim the 50-day and 100-day averages, clustered around $0.354–$0.356, to regain momentum.
A breakout above this range could pave the way for a retest of $0.36 and eventually the $0.37 resistance, which capped the previous rally.
If TRX fails to hold the 200-day average, the structure could weaken, exposing the coin to further declines, with the next support near $0.335.
For now, the chart shows cautious optimism: buyers are defending higher lows, but reclaiming short-term averages will be essential for TRX to push toward new highs.
Editorial Standards Uphold Trust and Accuracy
Bitcoinist ensures that all content is thoroughly researched, accurate, and unbiased.
Every article undergoes rigorous review by top technology experts and seasoned editors.
This editorial process guarantees the integrity, relevance, and value of the information provided to readers, making it a trusted source in the fast-moving crypto space.
