Watching the market over the past month has been pretty brutal. I checked Binance’s daily charts: over the past 30 days, $BTC it’s down 18.3%, ETH is down 21.9%, SOL 28.1%, and ADA a full 29%.
As a result, $TRX it fell by just 5.8%, and it’s only up 0.16% over the past 24 hours today—almost the only major coin that’s barely moved.
I don’t think the reason is anything mysterious: people have been actively using it on-chain. According to TRONSCAN data cited by crypto.news on November 10, the average daily USDT transfer volume on TRON over the past 30 days was about $24.86 billion, up 2.4% from the previous period. The market cap of on-chain stablecoins was about $94.16 billion, with USDT accounting for 97.9%. The price is falling, but transfers haven’t stopped—cross-border arbitrage and exchange deposits and withdrawals are still flowing through this network.
Of course, it has its drawbacks too. The same article noted that TRON’s DeFi TVL fell from about $5.58 billion on October 12 to about $4.96 billion on November 10, a drop of roughly 11%. Put simply, its resilience comes from its role as a “transfer pipeline,” not from a particularly vibrant ecosystem.
When the market is bearish, everyone looks for a safe haven. But “falling less” and “going up” are two different things. Would you treat its resilience as a reason to buy, or wait for it to catch up on the downside?