TRON’s TRX has experienced a notable boost, rising 2.53% with trading volume reaching 507 million USD, attributed to high spot accumulation. Daily Active Addresses surged by 64%, reaching 4.6 million, indicating significant user engagement despite a decline in decentralized trading activities.
Despite the growth in TRX usage, DeFi metrics present a mixed picture. The total value locked remains at 4.89 billion USD with DEX trading volume decreasing sharply, suggesting declining activity among decentralized traders, contrasting with the bullish sentiment in TRX’s recent performance.
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