Earlier on January 15, Tron founder Justin Sun announced the release of USD 2.0, a reworked stablecoin. Insiders were briefed on the announcement that US users will see up to 20% APY, with all benefits generated sent to a transparent on-chain address. Could Tron Price Action see some growth amidst this?
Addressing concerns about how Tron plans to maintain such a high yield, Sun said they have a lot of money where the yield comes from.
Although his statements were bold, they also generated excitement and skepticism within the crypto space, as some investors are confident in Tron’s financial structure. However, some were unsure about these potential high returns.
Since its launch, USDD has claimed to be a stablecoin within the Tron ecosystem. It acts as a decentralized, newly minted powerhouse, which can compete against leading assets like Tether (USDT) and USD Coin (USDC).
In particular, USD 2.0 aims to enhance its stability and transparency and improve the return mechanism. This move could boost Tron’s leadership in StableCoin settlements if implemented successfully.
Tron’s daily transfer volume reaches $3.6 trillion
Along with the $2.0 announcement, on January 15, Tron saw a huge surge in US transaction volume, hitting $3.6 trillion in daily dollar transfers. This is the second largest daily transfer amount recorded on the network, cementing its growing position in the blockchain world.
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Important announcements related to the TRON ecosystem have coincided during historical spikes in transaction activity. With the timing of the increase, investors were happy with the $2.0 news and took advantage of an opportunity to buy ahead of further news.
For some time, Tron has been a major player in StableCoin transactions. Low fees and fast settlement ensure large amounts of USDT and USDC are transferred. According to the latest data, Tron is still one of the most widely used blockchains for remittances, payments, and Defi applications.
Adoption Rising: Active addresses on Tron continue to rise
Tron’s user engagement metrics also indicate continued growth beyond transaction volumes. On the other hand, the number of daily active addresses on the Tron Blockchain is growing steadily, which is definitely a sign of a healthy and growing user base. This strengthens Tron’s viability as a long-term project due to its ability to bring retail and enterprise users on board.
This is important because the rise in active addresses is organically driven and does not depend on the network speculating based on price movements.
The more users you have on the network, the more utility and engagement you have. This could translate into helping the Tron ecosystem support things like Defi protocols, NFT projects, StableCoin settlements, and more.
You can see the price of work
Technically, the price of Tron (TRX) is trading in a bullish structure, riding the strength of strong on-chain fundamentals. With TRX/USDT holding above key moving average levels, we can see that there is additional build-up from investors.
All three SMAS (50 SMA, 100 SMA, and 200 SMA) are all up, indicating that TRX is in an uptrend across these time frames.
The volume oscillator indicates increased trading activity related to both retail and institutional traders. This is the core strength of Tron Price: increased transaction volumes and active addresses.
