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TRON network sees rising TRX activity and stablecoin growth
The TRON network is experiencing significant growth in ecosystem activity, particularly within its stablecoin sector. Over the past 90 days, the stablecoin market capitalization on the TRON network has increased by approximately $4.8 billion, outperforming the combined growth of other top 10 blockchain networks.
Market indicators for the native token, TRX, show rising engagement. Derivatives trading volume has increased by 7.48% to $148.54 million, while open interest has risen by 5.01% to $280.71 million. Analysts are monitoring a key pullback zone between $0.3389 and $0.3393, with potential upside targets reaching $0.3611 if bullish momentum continues.
In addition to increased derivatives activity, Tron Inc. is expanding its treasury, and the network continues to serve as a major payment rail for global stablecoin transactions, specifically USDT.