TRON (TRX) has been swinging sharply in recent weeks, but its network activity suggests that the project’s long-term story is stronger than ever.
While the token has cooled from its multi-year highs, on-chain data shows that TRON is cementing its role as one of the main settlement layers for Tether (USDT).
USDT Transactions Hit Record Levels
According to blockchain analyst Darkfost, TRC-20 USDT flows from centralized exchanges recently surged to historic highs, signaling unmatched demand for stablecoin transfers on TRON. On August 22 alone, more than $13 billion worth of USDT moved through TRON from exchange wallets — the third-largest daily tally ever for the network.
This activity highlights the chain’s efficiency in handling stablecoin liquidity. Binance accounted for more than 65% of the movement, followed by HTX at 18% and Bybit at 5%, showing how much major platforms depend on TRON’s infrastructure for rapid, low-cost settlement.
Why Adoption Keeps Growing
The appeal lies in TRON’s speed and cheap fees, combined with a growing ecosystem of services around the chain. These features have made TRON the go-to option for both institutional players and retail traders moving stablecoins. While rival blockchains compete for market share, TRON’s grip on the USDT market gives it a unique advantage and an increasingly systemic role in crypto finance.
Price Holds Despite Pullback
TRX is currently trading around $0.348, consolidating after a retreat from highs near $0.37. The token recently tested its 200-day moving average near $0.342 and bounced, a sign that buyers are still defending key levels. For bulls, reclaiming the $0.354–$0.356 range — where the 50-day and 100-day averages cluster — will be crucial to regaining momentum.
A move above that zone could set up another attempt at $0.36 and possibly $0.37, the ceiling from the last rally. Failure to hold the 200-day average, however, could drag TRX toward $0.335 support. For now, the broader structure remains intact, with investors encouraged by the strength of on-chain adoption even as short-term volatility shakes out weaker hands.
The Bigger Picture
TRON’s price movements may capture headlines, but its swelling stablecoin volumes tell a more important story. With USDT usage on TRON consistently hitting new records, the network is positioning itself as a backbone of digital dollar liquidity — and that’s a narrative that could carry far more weight than any short-lived price swings.
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Source: https://coindoo.com/tron-consolidates-at-key-levels-a-big-move-could-be-coming/