- TRON has surpassed 300 million blockchain addresses and recently broke above the $0.25 price level, with strong on-chain metrics like nearly $20 billion in TVL and $17 trillion in transfer volume.
- However, the actual number of users is far lower than claimed, as many addresses are duplicates, though TRON appears to be regaining momentum after years of stagnation.
TRON (TRX) is making headlines once again, with its founder Justin Sun announcing a significant achievement — 300 million blockchain addresses created on the network. While this figure is impressive on the surface, it’s the latest step in TRON’s attempt to regain relevance in an increasingly competitive crypto market.
Celebrating Growth: Records in TVL and Transfer Volume
According to Sun’s recent post on X, TRON’s DeFi ecosystem is showing signs of serious strength. The Total Value Locked (TVL) in TRX’s staking and DeFi platforms is now just shy of $20 billion, while total transfer volume is nearing a massive $17 trillion. These metrics suggest that user activity, or at least blockchain utility, is growing rapidly.
TRX has also seen price momentum recently, pushing past the $0.25 mark — a key resistance level. However, the breakout has not been overly convincing, and the crypto could face headwinds in the coming days if broader market conditions turn bearish.
Address Count vs. Actual Users
While 300 million addresses is a milestone worth noting, it’s important to distinguish between addresses and users. As reported by ZyCrypto, the 300 million figure refers to the number of blockchain addresses — not necessarily unique individuals. In fact, a single user can own multiple addresses, inflating the perception of TRON’s actual user base.
Dune Analytics data shows the number of active daily addresses on TRON is closer to 13.6 million — a respectable figure, but far from Sun’s implication of mass adoption. With many users operating several active wallets, the actual number of unique participants is likely in the low millions.
Is TRON Staging a Comeback?
Once a top-tier altcoin during the 2017-2018 boom, TRON faded into relative obscurity after the 2018 crash and a muted presence during the 2020-2021 bull cycle. But 2024 has seen TRX regain some momentum, hitting a new All-Time High (ATH) of $0.45 earlier in the year.
Although the token has since dropped around 45% from that high, the overall market structure suggests that TRON is still very much in the game. If the broader crypto market returns to bullish territory, TRX could be one of the altcoins to watch heading into the latter half of 2025.
While the 300 million address milestone should be taken with a grain of salt, TRON’s underlying metrics and market behavior suggest that it may be staging a slow but steady comeback.
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