Tron’s network has recently outperformed other platforms, including Solana, when it comes to daily active users. Moreover, an examination of their respective native tokens suggests that TRX has shown a more favorable trend compared to SOL.
Tron Takes the Lead in Active Addresses Over Solana
Data from Coin98 Analytics indicates that Tron Dao has surged ahead once again, boasting the highest number of daily active users for the month. The statistics revealed over 2.4 million daily active users, marking a substantial 50% increase from the previous month. In contrast, Solana ranked fifth, with a user count just below 1 million. Despite Solana’s NFT activities, its daily active addresses exceeded 854,000.
When comparing their Total Value Locked metrics, Solana seems to be following a more favorable trend, even though Tron has a larger TVL.
Solana Shows Stronger TVL Recovery than Tron
According to DefiLlama data, Tron and Solana have Total Value Locked (TVL) figures of $8.3 billion and $4.3 billion, respectively, with TRX’s TVL almost doubling that of SOL. However, a closer look at their TVL trends reveals that SOL has recently demonstrated a more positive trend than TRX. Both TRX and SOL experienced sharp declines in April, but SOL’s TVL recovery has been more rapid, with visible upticks. On the other hand, TRX has seen more prolonged downtrends as of the latest data.
Contrasting Price Trends for TRX and SOL
An analysis of the price trends for Solana (SOL) and Tron (TRX) in the last six days illustrates distinct patterns. TRX’s price has exhibited consecutive uptrends since May 7th, with only a minor dip on May 11th. The price climbed from around $0.120 to $0.126 during this period, showing an increase of approximately 0.16% at the time of reporting.
On the flip side, SOL faced consecutive declines on May 7th and 8th, leading to a loss of over 7% in value and a drop to around $142. However, there was a notable recovery with over a 7% increase on May 9th, bringing the price back to about $152. Subsequent declines followed, and SOL was trading at roughly $144 at the time of the latest update, indicating a 0.3% decline.
The positive price trend of TRX could potentially drive an increase in the number of daily active addresses, while a continued drop in SOL’s price may impact its active user count.