TRON (TRX) Price Reflects Broader Market Weakness Despite Solid Network Fundamentals

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TRON’s native token, TRX, has reflected the broader market’s recent sluggishness, with minimal movement over the past weeks. The token recorded a marginal 0.2% decline over the last seven days and is currently trading at approximately $0.2451, showing a 1.8% decrease in the last 24 hours.

However, despite this muted price activity, TRON’s network fundamentals suggest underlying stability and continued operational efficiency.

According to recent insights from CryptoQuant’s research team, TRON’s blockchain infrastructure has consistently produced 99.7% of its expected 28,800 blocks per day, demonstrating strong reliability. This performance contrasts with earlier years, particularly 2020 to 2021, when block production experienced greater volatility.

The team attributes this improvement to the effectiveness of TRON’s Super Representative (SR) system and the maturation of its delegated proof-of-stake (DPoS) consensus mechanism. The SRs, elected by TRX token holders, play a crucial role in maintaining the network and voting on proposals.

The report further highlights that the number of SRs has remained relatively stable, with 30 different SRs contributing in 2025 so far. Of these, 24 SRs were responsible for just over 3.7% of total block production.

Comparatively, there were 34 active SRs during the same period in 2020, also contributing a similar share of around 3.7% to overall blocks. However, the composition of these SRs has changed significantly.

Approximately 68% of the SRs active in 2020 are no longer producing blocks today, replaced by newer participants. This dynamic rotation of block producers reflects decentralization and ongoing community participation in TRON’s governance structure.

$1B in USDT Minted As Network Sees Increased Institutional Demand

In addition to its stable network performance, TRON recently witnessed a major liquidity event. On May 5, 2025, Tether Treasury minted $1 billion worth of USDT on the TRON blockchain, continuing a pattern of large-scale stablecoin issuance on the network.

CryptoQuant analyst Amr Taha explained that these mints are not speculative and are backed by verified fiat deposits, typically from large-scale investment funds or over-the-counter (OTC) trading desks. The influx suggests significant institutional interest, with funds likely earmarked for crypto market activity.

TRON’s appeal lies in its cost-effective and fast transaction capabilities, enabling it to execute large USDT transfers efficiently—essential for use cases like cross-border remittances, high-frequency trading, and arbitrage.

Amr Taha noted that TRON-based USDT is particularly popular in Asia, where access to traditional financial rails can be limited. As such, the $1 billion mint highlights TRON’s growing role as a hub for global crypto liquidity.