Tron (TRX) Blockchain Demonstrates Robust Growth with 30% Surge in Daily Transactions

The TRON blockchain has recently garnered significant market attention due to a remarkable 30% increase in daily transactions, now surpassing 8 million. This growth, as reported by CryptoQuant, underscores the platform's accelerating adoption and heightened network activity. Since February, transaction volume has risen by 2 million, indicating deeper user engagement and reinforcing TRON's position as a influential player in the cryptocurrency space. The platform's enhanced liquidity and direct trading activity further solidify its growing prominence in the digital asset ecosystem.

Tron Blockchain Soars: 30% Growth in Daily Transactions Sparks Investor Interest

The TRON blockchain is capturing market attention with a 30% surge in daily transactions, now exceeding 8 million. This growth trajectory, tracked by CryptoQuant, signals accelerating adoption and network vitality.

Transaction volume has climbed by 2 million since February, reflecting deepening user engagement. The platform's rising liquidity and direct trading activity position it as an increasingly influential layer-1 contender.

Market observers note the metric's significance as a barometer of blockchain utility. TRON's expanding transaction throughput suggests robust fundamentals that could drive further ecosystem development.

Taiwan's Bitopro Exchange Confirms Hot Wallet Exploit After Month-Long Silence

Bitopro, a Taiwanese centralized exchange, belatedly acknowledged a multi-chain hot wallet breach that occurred in May. The stolen funds traversed Ethereum, TRON, Solana, and Polygon before being converted to Bitcoin via THORChain and obscured through privacy tools like Tornado Cash.

Blockchain sleuth ZachXBT first flagged the suspicious cross-chain movements, which involved rapid fund transfers into mixing protocols. Bitopro's month-delayed disclosure on June 2nd followed misleading maintenance notices and user reports of blocked USDT withdrawals during the interim period.

The exchange has engaged a third-party security firm to investigate the heist, though the layered obfuscation techniques employed significantly reduce recovery prospects. This incident highlights the persistent vulnerability of centralized exchanges' hot wallet infrastructure.

Tron Faces Bearish Pressure as Market Correction Intensifies

Tron (TRX) has succumbed to the broader cryptocurrency market downturn, with its price retreating toward a critical support level at $0.2629. The altcoin briefly rallied earlier this week, gaining 2.57% on Thursday, but the momentum proved fleeting. By Friday, TRX had shed nearly 2%, trading around $0.2775 as bearish sentiment took hold.

Technical indicators paint a concerning picture. The daily Relative Strength Index (RSI) is trending downward, signaling waning buying pressure. TRX's inability to break through the $0.28 resistance level suggests further downside potential. Market participants are now watching the 50-day exponential moving average as a key support zone.

The broader altcoin market remains under pressure, with few tokens able to sustain upward moves. Tron's failed breakout from its consolidation range underscores the current risk-off environment. Traders are exercising caution as the cryptocurrency market shows signs of continued weakness.

Altcoins Show Bullish Signals as Analysts Spot $2 Trillion Potential

Cryptocurrency analysts Michaël van de Poppe and Merlijn The Trader have identified compelling patterns suggesting a major altcoin rally. Van de Poppe notes the current market cycle is developing slower than historical counterparts, urging investors to maintain patience amid the gradual buildup.

Merlijn's technical analysis reveals a completed cup-and-handle formation across altcoin charts—a classic bullish indicator that often precedes explosive price movements. The pattern's recent breakout and successful retest of support levels suggest growing momentum. Historical precedents imply this configuration could propel the altcoin market capitalization toward $2 trillion.

The chart formation displays a rounded bottom (the 'cup') spanning 2022 through early 2024, followed by a smaller consolidation period (the 'handle'). This structure typically indicates accumulation before upward acceleration. Market participants are watching for confirmation of the projected parabolic move.