On-chain data shows the Tron network entering a new phase of activity expansion.
According to CryptoQuant, the 7-day moving average of active addresses has surged to 5 million, marking the highest level ever recorded for the network.
This breakout in usage comes while TRX price remains relatively stable near $0.29, creating a notable divergence between network fundamentals and market valuation.
The chart shows a long-term uptrend in Tron’s active addresses stretching back several years, but the recent acceleration stands out sharply. Over the past months, activity has moved from steady growth into a near-vertical expansion, pushing well beyond previous cycle highs.
The SMA-7 confirms that this is not a one-day anomaly. Sustained elevated readings indicate consistent, repeat usage rather than short-lived spikes tied to isolated events.
While network activity has reached historic levels, TRX price has not followed with a comparable breakout. The chart shows price consolidating around $0.29, after a strong multi-year advance but without the same parabolic behavior seen in address activity.
This type of divergence typically reflects a utility-led expansion phase, where transaction demand grows faster than speculative positioning. In other words, the network is being used more intensely without an immediate surge in leverage or momentum-driven buying.
Although the chart does not isolate transaction types, Tron’s role as a dominant rail for stablecoin transfers, particularly USDT, offers a clear explanation for the surge. High-frequency payments, remittances, and settlement flows tend to drive sustained address growth without necessarily producing short-term price volatility.
This pattern aligns with what the data suggests: organic usage rather than speculative churn.
Historically, periods where network activity expands significantly ahead of price have preceded longer-term repricing phases, as markets adjust to rising fundamental demand. While timing remains uncertain, the scale of this address growth points to a structural shift in how heavily the Tron network is being utilized.
With active addresses now at record levels, Tron is reinforcing its position as a high-throughput payment-focused blockchain, where real usage, not speculation, is increasingly shaping on-chain dynamics.
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