Tron on May 23, 2025: Steady Growth with Stablecoin Dominance

Tron exhibits steady bullish momentum with USDT dominance and DeFi growth.

On May 23, 2025, Tron (TRX) captured significant attention in the crypto market with its robust performance. Trading at around $0.276, TRX reflected a 3% increase over the past 24 hours and relative stability following an early-month rally. This performance was primarily driven by Tron’s dominance in the stablecoin market, particularly USDT, and the growth of its DeFi ecosystem. Tron has recently emerged as the leading network for USDT circulation, surpassing Ethereum with over $73.8 billion in USDT. This dominance is attributed to Tron’s low fees and high transaction speeds, which have increased demand for TRX as the network’s fee-paying token. Additionally, the total value locked (TVL) in Tron’s DeFi protocols reached $6.5 billion, marking a 3.4 billion TRX increase over the past week. This growth was bolstered by the integration of Chainlink oracles, enhancing pricing accuracy in Tron’s DeFi ecosystem. From a technical perspective, TRX has formed a “bull flag” pattern on its daily chart, signaling potential for continued upward momentum. The price remains above the 200-day moving average at around $0.27, with key support holding at $0.273. Analysts predict that breaking the $0.278 resistance could push prices toward $0.35 or even $0.60 in the coming months. However, a drop below $0.27 could trigger increased selling pressure. Macroeconomic factors have also played a role. Easing U.S.-China trade tensions and softer Federal Reserve monetary policies have improved market sentiment. However, a whale’s transfer of 100 million TRX to exchanges has raised concerns about potential selling pressure. Projects like GigaWallet and integration with MoonPay in the U.S. have expanded TRX’s accessibility and utility. Despite these positive developments, risks such as market volatility and whale selling pressure persist. Investors should monitor developments closely and employ risk management strategies. Overall, Tron is in a steady bullish position on May 23, 2025, with a promising long-term outlook driven by stablecoin dominance and DeFi growth.