TRON (TRX) Faces Market Pressure as Stablecoin Outflows and Revenue Decline Signal Challenges Ahead

TRON's native token TRX is under significant pressure as the network experiences a $185 million stablecoin outflow, coupled with a sharp decline in daily revenue to a four-year low of $114,000. This development highlights a notable shift in user behavior and raises concerns about the network's short-term prospects. Despite a modest 4.43% monthly gain for TRX, on-chain data suggests capital flight, underscoring bearish signals for the cryptocurrency. As of July 2025, the TRON network faces critical challenges that could impact its future performance and market position.

TRX Revenue Hits 4-Year Low Amid $185M Stablecoin Outflow from TRON Network

TRON's native token TRX faces mounting pressure as $185 million in stablecoins exits the network, marking a significant shift in user behavior. The outflow coincides with TRX revenue plunging to a four-year low of $114,000 daily—a stark contrast to its previous performance.

On-chain data reveals heightened activity suggesting capital flight, with TRX's modest 4.43% monthly gain failing to offset bearish signals. The network's record $80 billion stablecoin supply in June now appears precarious as traders potentially migrate to alternative chains.

Tron DeFi Activity Expands Amid Consolidation as SunSwap Hits $3B+ Monthly Swaps

Tron (TRX) remains locked in a consolidation phase that began in December 2024, with prices oscillating between key levels without a clear directional breakout. Despite the stagnant price action, fundamental developments continue to draw market attention to the blockchain platform.

The most significant catalyst emerged two weeks ago with reports of Tron preparing for a potential Nasdaq listing via reverse merger with SRM Entertainment. Such a move would mark a historic milestone as the first major crypto network to directly enter US public markets.

On-chain metrics reveal growing momentum beneath the surface. CryptoQuant data shows expanding DeFi activity across the tron ecosystem, including rising transaction volumes, increased deposits in JustLend, and SunSwap processing over $3 billion in monthly swaps—a clear signal of deepening liquidity and user engagement.

While these developments point to a maturing ecosystem, the market has yet to price in a decisive move. Traders now watch for whether the public listing or accelerating DeFi adoption will ultimately break the prolonged consolidation.

TON and Avalanche Networks See Surge in Active Addresses and Bullish Derivatives Sentiment

Active addresses on the TON and Avalanche blockchains have more than doubled over the past month, signaling a resurgence of user engagement. The growth reflects renewed interest in these ecosystems amid broader market activity.

TON derivatives traders maintain a predominantly bullish stance despite slight short positioning dominance. Avalanche, while experiencing a drop in trading volume, continues to show strong open interest and positive sentiment.

TRON (TRX) retains its lead in active addresses among major blockchains, fluctuating between 1.5 million and 3.5 million since mid-2023. Bitcoin (BTC) and ethereum (ETH) demonstrate stability and steady growth, respectively, in user activity metrics.