Tron Surpasses Solana with Over 2 Million Daily Active Addresses: Analysis Shows Positive Trend for TRX

by time news

2024-05-13 00:04:13

  • Tron had a daily active launch count of over 2 million.
  • For Solana, the figure remained under one million.

through [TRX] The network has recently crossed over to other platforms, including happy [SOL]in active daily addresses.

Furthermore, an analysis of their respective native signals shows that TRX has recently shown a more favorable trend than SOL.

Tron Solana leads in active addresses

According to recent data from Coin98 analysis, through Dao has once again taken the lead as the platform with the most active daily users during the month.

The graph shows over 2.4 million daily active users, a significant increase of 50% compared to the previous month.

Instead, happy It was in fifth place with less than 1 million users. An analysis of Solana’s daily active addresses revealed a figure of over 854,000, despite a significant amount of NFT activity on the platform.

However, when examining its Total Value Under Lock metric, Solana appears to be trending more favorably despite Tron having a larger TVL.

Solana sees more TVL recovery than Tron

According to data from DefiLlama, through and Solana has total locked-in value (TVL) figures of $8.3 billion and $4.3 billion, respectively. TRX’s TVL is almost double that of SOL.

However, upon further analysis of its TVL trends, it is clear that SOL has recently shown a more positive trend in TVL than TRX.

The chart showed that both TRX and Sol there was a strong downturn around April. However, TVL SOL seemed to improve faster, and bullish trends were evident.

In contrast, TRX showed more significant bearish trends, which were still present at the time of writing.

TRX and SOL see opposite price trends

An analysis of Solana (SOL) and Tron (TRX) price trends over the past six days shows contrasting patterns.

TRX The price has shown an upward trend since May 7th, with only a brief break due to a small drop on May 11th. The price increased from around $0.120 to $0.126 during this period.

At the time of writing, their price had increased by about 0.16%.

On the other hand, Sol it continued to decline on May 7 and 8, losing over 7% of its value to around $142.

However, it saw a significant increase of over 7% on May 9, bringing its price back to around $152.

Another decline followed, with SOL trading at around $144 at the time of writing, representing a 0.3% drop.

File Solan [SOL] Price forecast 2024-25

Based on these charts, if the positive TRX price trend continues, the number of daily active addresses may increase.

On the contrary, if the price of SOL continues to decrease, it could further affect the number of daily active addresses on the platform.

This is an automatic translation of our English version.


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