The Tron (TRX) blockchain is experiencing a surge in network activity, reaching record transaction levels, even as its price faces short-term pressure from broader market uncertainty. According to data from TRONSCAN, the network recorded 12.6 million daily transactions earlier this week, its highest in nearly two years. Daily active addresses jumped 78% to 6.23 million on October 27, while weekly active addresses climbed 69% to 11.1 million, marking the largest week-on-week increase among major blockchains.
Analytics firm Nansen described this as “top-tier activity with zero fanfare,” highlighting steady, utility-driven growth. A key driver is the widespread use of Tether's USDT stablecoin on the Tron network, which processes 15-20 million USDT transfers weekly. Tron hosts about $78.7 billion in USDT, nearly half of its total circulation, cementing its role as a dominant settlement layer for global, low-cost payments, especially in emerging markets.
In a parallel development, Nasdaq-listed Tron Inc. has significantly bolstered its bet on the TRON ecosystem. The company doubled its TRX treasury, adding 312.5 million tokens (worth approximately $110 million) after its largest shareholder, Bravemorning Limited, exercised warrants. This brings Tron Inc.'s total TRX holdings to over $220 million, making it the largest public holder of the token. CEO Rich Miller stated the move provides flexibility to pursue blockchain adoption and Web3 infrastructure opportunities.
The company, formed from a reverse merger with SRM Entertainment in June 2025, has seen its stock (ticker: TRON) surge over 1,100% in six months. Tron founder Justin Sun serves as an advisor. Despite this corporate confidence, the TRX token price was down 0.54% to $0.296, underperforming a broader market dip ahead of a Federal Reserve decision. Technical indicators show TRX testing key support at $0.292 after breaking below its 200-day moving average.
Analysts note a divergence between falling prices and soaring on-chain metrics, suggesting the market may be undervaluing Tron's real-world traction. However, some warn of risks for Tron Inc., as holding its own native token as a primary reserve asset creates a potential circular feedback loop between the company's financial health and TRX's price.
