SUI Surpasses Tron (TRX) in Daily Active Users Amid Market Downturn

Despite a significant weekly price drop, SUI has overtaken TRON (TRX) to become the third-largest blockchain by daily active users, showcasing robust network growth even as broader crypto markets struggle. Below is a detailed analysis of this shift and its implications.

SUI Overtakes Tron: Now the 3rd Blockchain by Daily Active Users

Despite a 19.97% weekly price decline, SUI has surpassed Tron to become the third-largest blockchain by daily active users, with 2.46 million DAU. In April alone, SUI added over 4.1 million new accounts. User activity on Tron, however, continues to decline with falling new address creation and increased wallet churn. While the cryptocurrency markets face bearish pressures, SUI’s network activity has increased significantly, suggesting strength in its blockchain ecosystem fundamentals.

Tron (TRX) Stands Strong As Transactions Surge in March

March was a bearish month for most coins, but Tron (TRX) weathered the storm well. Tron ranked among the top networks in terms of transactions and closed the month with a 2.50% premium compared to its opening price. Unlike most top coins, TRX gained 13% from its lowest price point in March and 19.23% from February lows.

XRP, TRX Holders in Profit while ETH, SOL Investors Suffer

Amid the recent market turbulence, on-chain analytics firm Glassnode highlighted an intriguing divergence in crypto asset profitability. While XRP and TRX continue to boast strong unrealized gains for holders, others, particularly Ethereum (ETH) and Solana (SOL), investors have suffered. Ethereum is currently trading at $1,566 with a 24-hour volatility of 0.6%, a market cap of $188.97 B, and a 24-hour volume of $27.90 B. Solana is trading at $110.4 with a 24-hour volatility of 3.3%.