- There was a tremendous flow of Stablecoins from the Tron network, which exposes TRX to a significant risk.
- The revenues have decreased, the market selling process is intensified as the number of investors over the series increases.
You see [TRX] The gains remained modest, with only 4.43 % increase during the past month and 0.78 % in the past 24 hours.
This simple market movement is associated with an increase in the activity on the series, indicating that users flee the network and that they have a limited use of TRX.
TRX revenues decrease in the stablecoin flow
According to Stablecoin’s supply data from ArtemisThere was a great flow of Stablecoins from TON Blockchain.
Nearly $ 185 million from Stablecoins has left the network. This comes shortly after TREON reached a record of $ 80 billion in the total Stablecoin supplies in June.
Source: Artemis
This sudden external flow indicates a transformation in the user’s feelings and preferences, which indicates that the participants in the series may now prefer other chains of transactions-which leads to TRX benefit to facilitate these operations.
The effect of this external flow is more intense than it appears. According to ARTEMIS data, TRX’s total revenue decreased to a four -year low.
Source: Artemis
Last day, the total revenue from TRX Trades was only $ 114,000, a sharp decrease compared to the performance of the previous market.
Ampcrypto analysis indicates that there is more, as the height in active participants most likely indicates the renovation of the sale pressure on TRX
User activity screws add more sales pressure
Stablecoin’s external flow was accompanied by a sharp rise in both daily transactions and active addresses.
According to data from ArtemisThe number of daily transactions increased to 9.4 million, up from 7.5 million in the previous day.
Source: Artemis
Likewise, the number of participants in the series has also increased. Daily active headlines rose to 2.7 million, the highest registered level since June 6.
This rise in the activity seems to be linked to the last stablecoin flow, a trend that generally reflects the hoops of the network.
Despite the depletion of liquidity and increased transactions activity, TRX remained relatively elastic.
However, more analysis indicates a possibility of a rise in low prices as liquidity continues to exit from the TON -based protocols.
Political exit liquidity
Data on the chain appears a gradual sale process, steadily removing liquidity from TON.
As of the time of writing this report, the total closed value (TVL) – a major scale for protocol activity – Deville He decreased by 0.53 % last day, with a decrease from $ 4.878 billion to $ 4.85 billion. This represents an external flow of $ 26 million.
Source: Devillama
These external flows reflect the weak investor confidence and indicate that their owners are hesitant to maintain TRX, for fear of possible losses.
If TVL continues to fall and provide Stablecoin on Tron Hits News LOWS, the sales of the wider market may be intensified, pushing TRX to less.
