TRON Network surpassed 355 million total accounts in December as daily new user sign-ups exceeded 240,000. The milestone comes as TRX faces its steepest fourth-quarter price decline since 2017, falling more than 16% between October and December despite rising network adoption.
What Happened: Record User Growth
Total accounts on the TRON network increased 26.3% in 2025, reaching an all-time high of 355.4 million in December, Tronscan data shows. Active addresses remained stable even as broader cryptocurrency markets experienced reduced participation and elevated fear indicators.
Derivatives trading activity surged alongside user metrics.
Perpetuals volume hit $1.1 billion on Dec. 23, suggesting increased interest in leveraged TRON positions, according to DeFiLlama.
The network maintains a dominant position in stablecoin infrastructure, representing 26% of total stablecoin market capitalization with $80.842 billion in dollar-pegged tokens, DeFiLlama data shows.
Also Read: Trust Wallet Browser Extension Breach Drains Over $6 Million From User Accounts
Why It Matters: Divergence Concerns
TRX has lost 16.2% since October, marking its worst fourth-quarter performance since 2017. The token traded at $0.27 at press time, down 0.096% over 24 hours.
"TRON is presenting a clear fundamentals-vs-price divergence," one analyst wrote on social media. "Network adoption is growing, but token demand has yet to follow."
Some traders anticipate a reversal based on technical patterns. One analyst identified an upside breakout from a falling wedge formation on daily charts, projecting potential gains of 30% to 40%.
Centralization questions persist despite network expansion.
Bloomberg reported that Justin Sun controls over 60% of TRX tokens, raising doubts about decentralization claims. Social media analysis highlighted contrasting performance between TRX and other Sun-linked tokens, noting steeper losses in ecosystem projects despite TRX maintaining positive returns since its initial coin offering.
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