The Tron network has hit a record high of over 95 million addresses with non-zero balances, showcasing strong user growth.
This surge in user activity coincides with a rise in DeFi adoption and a 40% price increase for TRX year-to-date.

The Tron (TRX) network, a public open-sourced blockchain platform, has recently surpassed a significant milestone, reaching an all-time high of over 95 million addresses with non-zero balances. This data, reported by on-chain analytics platform IntoTheBlock, highlights the growing user base and activity on the Tron network.

Tron Outpaces Competitors in Address Count

According to IntoTheBlock, Tron’s address count significantly surpasses other prominent Layer 1 (L1) blockchains like Cardano (ADA) and Avalanche (AVAX), which currently boast around 5 million and 7 million addresses, respectively. This substantial difference suggests a larger and potentially more engaged user base on the Tron network.

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Strong Year-to-Date Performance

An analysis of Tron’s on-chain activity reveals a positive trend in user adoption since the beginning of 2024. AMBCrypto observed a 21% increase in the network’s New Adoption Rate, which measures the daily percentage of new addresses, since January 1st. This indicates a steady influx of new users joining the Tron ecosystem.

DeFi Boom Fuels Tron’s Growth

The surge in new users on Tron coincides with a rise in its decentralized finance (DeFi) activity. As of February 28th, the total value locked (TVL) in Tron DeFi protocols reached $10 billion, according to DeFiLlama. This represents a 27% increase since the start of the year, marking another all-time high for the network.

Network Fees Rise Alongside User Activity

The high level of user activity on the Tron network has also impacted its network fees and revenue. Data from Token Terminal shows a 20% increase in both network fees and revenue generated over the past 30 days. This suggests that users are actively engaging with the network and contributing to its overall sustainability.

TRX Price Reflects Positive Momentum

At the time of writing, TRX was trading at around $0.14, reflecting a 40% increase year-to-date. This price appreciation aligns with the positive on-chain metrics observed on the Tron network. Additionally, the coin’s Accumulation/Distribution Line (ADL) currently sits at 113.84 billion, further confirming the sustained buying pressure from investors.

Overall, the data suggests that the Tron network is experiencing a period of significant growth and user adoption. The rise in addresses, DeFi activity, and network fees paints a positive picture for the future of the Tron ecosystem.