Tron ( TRX ) surprisingly leading the blockchain race in terms of daily users.

Tron (TRX) is rapidly becoming the most popular network among the general user group in the crypto market.

The strong increase in small wallets conducting USDT transactions has caused the number of active addresses to soar to 2.48 million – the highest among all current blockchains. So, what impact does this have on the price of TRX?

Tron Wallet Boosts Stablecoin Transactions

On August 30, Tron once again proved why it is the network favored by retail investors when transferring stablecoins.

Source: CryptoQuantThe average-sized wallets – the Goblin group (under 1 million USD) and Shark (under 10 million USD) – are at the center of the activity, processing 35% and 20% of the total USDT trading volume in these categories, respectively.

Small investors leverage the advantages of low transaction fees and fast processing speeds of Tron to withdraw funds from the exchange, often as a precautionary move ahead of market fluctuations.

Interestingly, this pattern is not an isolated phenomenon, as it has repeated similarly on August 26, indicating that this could be a broader trend.

Tron leads the race in active addresses

Based on that growth momentum, Tron is currently also at the top of the rankings in terms of actual usage, according to data from Lookonchain.

With 2.48 million active addresses, Tron holds the number one position in the entire blockchain ecosystem, surpassing major names like BSC, Solana, and even Ethereum.

Source: Lookonchain/XFor investors, this is a clear sign that the network effect strength of Tron is increasingly rising.

At the time of writing, TRX is trading around 0.339 USD, showing an accumulation trend after the price increase in mid-August. The RSI indicator indicates that the market is neither in an overbought nor oversold state. Meanwhile, the OBV indicator reflects a lack of strong money inflow or outflow.

Source: TradingViewThe price movement over the past week shows lower highs, reflecting a cooling demand despite the significant increase in active addresses of Tron.

Overall, TRX is still in a sideways phase and waiting for new signals. We need to monitor further to determine whether the increase in on-chain activity is strong enough to become a catalyst for the next breakout.

Itadori