Tron (TRX) has been gaining significant attention recently, both for its strong fundamentals and its steady price action within a clearly defined uptrend. Despite market volatility across the crypto sector, Tron has consistently demonstrated resilience, supported by its growing ecosystem and dominance in the stablecoin market.
One of the key drivers of this momentum is Sunswap, the leading decentralized exchange (DeX) on the Tron network. According to CryptoQuant data, Sunswap continues its rapid ascent, crossing major milestones in transaction activity and user adoption. The platform is now natively integrated into several widely used wallets, including BitgetWallet, TrustWallet, and TronLink, making it easier for millions of users to access Tron’s DeFi ecosystem seamlessly.
In addition to DeFi growth, Tron has established itself as the primary hub for USDT supply, with over $80 billion of Tether circulating on the blockchain. This leadership in stablecoin adoption underscores Tron’s role as a backbone of liquidity in crypto markets, facilitating fast and cost-efficient transactions.
According to top analyst Darkfost, Sunswap has now surpassed a major milestone with over 16 million transactions since its launch, cementing its role as Tron’s leading decentralized exchange. Despite a volatile market in 2025, Sunswap’s weekly transaction count has remained remarkably steady, showcasing resilience and consistent user activity. This strength is further reflected in Tron’s active addresses, which have now exceeded 2.5 million, a figure that continues to trend upward in a stable manner.
Sunswap’s growth is not only about volume but also about diversification. The platform has been expanding its offering by listing more tokens, including TRUMP, the token tied to US President Donald Trump, which has gained attention among traders. This diversification reflects Sunswap’s adaptability and ability to capture interest across different market narratives.
Looking back at 2024, transactions involving the top 20 tokens exceeded 12 million, with WTRX and USDT dominating activity. However, other tokens like SUNDOG and JST also had a noticeable presence, while the share of smaller tokens labeled as “OTHERS” grew.
In 2025, with more than 6 million transactions already recorded, the trend is shifting. The dominance of WTRX appears to be decreasing, while newer entrants such as LMTV, SUNDOG, and JST are gaining traction. This transition highlights Sunswap’s evolving ecosystem, where trading activity is becoming more evenly distributed across a broader set of assets, signaling a healthier and more sustainable DeFi environment on Tron.
TRX Price Analysis: Testing SupportThe 4-hour chart of Tron (TRX) shows the asset consolidating after an extended uptrend, with price currently trading near $0.3518. The short-term structure remains bullish, but momentum is slowing as TRX tests its 50-period moving average around $0.3550. This zone is acting as immediate resistance, while the 100-period SMA at $0.3520 is serving as dynamic support.
Over the past month, TRX has consistently made higher highs and higher lows, confirming a bullish market structure. However, the recent sharp rejection from the $0.37 level highlights increasing selling pressure near local highs. A failure to defend the 100-SMA could expose the 200-SMA around $0.3390, which aligns with a stronger support area.
If bulls manage to hold above $0.3520 and reclaim the 50-SMA, a retest of $0.365–$0.370 is likely, potentially opening the door for a breakout toward new highs. Conversely, a breakdown below $0.3390 would suggest deeper consolidation, potentially dragging TRX toward the $0.32 region.
The trend remains intact, but momentum indicators suggest caution as the market consolidates after its strong rally. The coming sessions will be crucial in determining whether TRX resumes its uptrend or enters a corrective phase.
Featured image from Dall-E, chart from TradingView