![Tron [TRX] leads in key metric, but will its price react accordingly](https://i.headtopics.com/images/2023/3/20/cryptoamb/tron-trx-leads-in-key-metric-but-will-its-price-re-tron-trx-leads-in-key-metric-but-will-its-price-re-1637749068653887489.webp)
Tron beats rival blockchain networks by garnering the highest daily active user count. TRX showed short-term low volatility, muted investor confidence and deflationary characteristics. The Tron [TRX] network has been seemingly outpacing its peers for some time now. Rankings from 18 March revealed that Tron was the leading blockchain by daily active users. Is your […]
March 17, 2023
The robust growth in Tron’s daily users coupled with its heavy focus on stablecoins has also boosted its total value locked. It had a $5.31 billion in TVL at press time, an impressive feat considering that its TVL was lower than $200 million at the start of January 2021.A recap of TRX’s price action revealed that not much has changed in the last seven days. However, a wider scope underscored a healthy 20% bounce back from its four-week low to its $0.067 at press time.
As far as future prospects go, Tron burns may play out well for its demand. On 18 March, the network tweeted that its TRX production ratio was less than zero.
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