2024

Sharp

Daily

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<p>Tron coin and has recently been demonstrating signs of slowing down. This warrants the need to explore what has been happening behind the scenes and whether it is a trend that may impact long term performance.</p>
<p>For starters, Tron coin (TRX) has been restricted to a narrow range in the last 4 weeks. To put it into perspective, it only managed to achieve a 3.18% gain from its opening to closing price in May. Most of its top rivals managed significantly higher gains.</p>
<p>Tron coin has also kicked off May with the same trend indicating weak demand and sell pressure. It had a $0.24 press time price tag at and has been hovering within the same level for the last 2 weeks.</p>
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   Tron price / source: TradingView
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<p>TRX’s sideways performance suggests that the coin has been struggling to attract investors. An unusual outcome considering that it previously managed to overcome the sell pressure observed in the first two weeks of April.</p>
<h2 class="wp-block-heading" id="h-dex-volume-takes-a-dive-as-on-chain-activity-cools-down"><strong>DEX Volume Takes a Dive as On-chain Activity Cools Down</strong></h2>
<p>Tron coin performance was not the only notable slowdown observed. The Tron network has also been experiencing decline in some of its major performance metrics.</p>
<p>DEX volume is often a decent yardstick for measuring the depth of activity within a network. In Tron’s case, DEX volume did demonstrate some upside in April. However, it has since cooled down signifying declining activity.</p>
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   Tron DEX volume / source; DeFiLlama
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<p>Daily DEX volume on the Tron blockchain surged as high as $292.34 million on 26 April. It was down to $72.08 million in the last 24 hours. A potential reason for this decline could be the uncertainty associated with rolling over to a new month, which means more directional uncertainty.</p>
<p>The decline could also potentially be due to a cool-down in the initial wave of recovery in April. Although it could be argued that TRX had nothing to do with the decline considering that its price has remained within the same narrow range.</p>
<p>Although DEX volume demonstrated a significant decline, transaction activity maintained strong levels. Daily transaction data stayed within the same range between 7 million and 9 million transactions in the last 2 months.</p>
<h2 class="wp-block-heading" id="h-tron-coin-s-temporary-move-or-a-lasting-concern"><strong>Tron Coin’s Temporary Move or a Lasting Concern?</strong></h2>
<p>The fact that Tron’s DEX volume reflects a cool down in activity may underscore deeper concerns. Especially in terms of the network’s ability to stay competitive. Perhaps that warrants further exploration of its network performance.</p>
<p>Total value locked (TVL) gives a rough idea of the level of confidence around a cryptocurrency. Aggressive TVL growth indicates confidence in the longer term outcome while the inverse signals declining confidence.</p>
<p>Interestingly, Tron coin’s TVL dipped aggressively between December 2024 and mid May 2025. It dropped as low as $4.3 billion but has since recovered back above $5 billion. An indication that the network has stopped bleeding coins that were previously locked in its DeFi ecosystem.</p>
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   Tron TVL and stablecoin mcap/ source: DeFiLlama
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<p>Also worth noting is that the recovery lacked aggressiveness. However, Tron was not the only one to experience such an outcome. <a href="https://www.thecoinrepublic.com/2025/05/03/ethereum-price-prediction-will-eth-break-2200/" rel="noopener noreferrer nofollow">Ethereum</a> also experienced heavy TVL losses but recovery also kicked off slow.</p>
<p>On-chain data did at least reveal that the Tron network’s stablecoin marketcap has been aggressively rising since the start of 2025. This may offer a confidence boost to Tron investors because <a href="https://www.thecoinrepublic.com/2025/04/28/tether-setting-new-standard-with-new-gold-stablecoin-xaut/" rel="noopener noreferrer nofollow">stablecoins</a> generate a substantial amount of revenue for the Tron network.</p>
<p>Speaking of network revenue, the Tron blockchain still managed to put a strong fight. Daily revenue figures in the last 5 days averaged over $1.7 million.</p>
<p>The combination of Tron coin’s recovering TVL, healthy daily revenue and robust stablecoin marketap may offer a confidence boost. However, the big question remains. Will Tron coin demand make a comeback in May or will the market outcome pave way for bearish capitulation?</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/05/04/is-tron-coin-slowing-down-sharp-dip-in-dex-volume-raises-concern/" rel="noopener noreferrer nofollow">Is Tron Coin Slowing Down? Sharp Dip In DEX Volume Raises Concern</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Is Tron Coin Slowing Down? Sharp Dip In DEX Volume Raises Concern

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