TRON leads in blockchain transaction speed, consistently processing 85 TPS. Over 96% of TRON transactions are linked to stablecoins. TRX has outperformed Bitcoin and altcoins and is consolidating around $0.144, with a bullish target ahead.
According to the latest data from CryptoQuant, TRON has become the fastest blockchain in terms of transactions per second. On-chain data visualization shows TRON’s superiority over the major blockchains of Bitcoin, Ethereum, and Polygon. TRON maintains 85 TPS, while Bitcoin processes at 7 TPS, Ethereum at 14 TPS, and Polygon at 30 TPS.
Source: CryptoQuant
What makes TRON different is its long-term transaction reliability. Network stability is primarily driven by the increased use of stablecoins. Amazingly, 96% of all transactions on the network are related to stablecoins, proving useful in the rapidly changing world of cryptocurrencies.
Stablecoins drive TRON performance
In fact, while Bitcoin and Ethereum have long been the subject of most discussions in blockchain conversations, stablecoins have quietly become an important part of the ecosystem. This is evident through its market performance, such as its superiority in transaction volume, as the TRX network is often subject to the highest load in transactions, most of which are for stablecoin transfers.
Source: CryptoQuant
Network performance shows that stablecoins drive network utility by providing price stability and liquidity. For many, stablecoins are even more revolutionary compared to Bitcoin because they are used in everyday trading activities. This makes it one of the most practical blockchains for users looking for fast and stable transactions.
TRON price trends and future outlook
Although the network has successfully negotiated trading volumes, the cryptocurrency still has challenges aligning with bullish sentiment in the broader market. TRX broke out of that range in mid-August with a 22% jump in price, but has since fallen back to consolidate around the $0.144 level. But aside from this short pullback, important indicators still point to highs for TRX.
Furthermore, TRX’s RSI has managed to remain positive, and similarly, on-balance-sheet volume (OBV) is still well above the all-time high reached in May, reflecting strong buying activity. Traders are monitoring the liquidation levels at $0.152 and $0.158 while anticipating a possible bullish reversal at $0.16. Long-term holders maintain ambitious targets of $0.20 and $0.223.
Source: Tradingview
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