The TRON network is showing renewed strength, with daily transactions and active addresses reaching all-time highs, signaling accelerating on-chain activity and investor confidence. Data shared by Artemis and CryptoQuant analysts highlight a notable combination of rising network usage and growing liquidity reserves, suggesting that TRON (TRX) could be entering the early phase of its next major market cycle.
Record Transaction Growth
According to on-chain data, TRON’s daily transactions have spiked above 12 million, marking the highest activity level recorded in 2025. The network has seen a steady climb in transaction volume since mid-October, reflecting both strong user engagement and expanding DeFi interactions.
The spike in activity coincides with rising adoption of TRON-based stablecoins such as USDT and USDD, as the network continues to dominate in transaction settlement speed and low-cost transfers. Analysts note that TRON’s high throughput and scalability are attracting consistent usage in both retail and institutional contexts, particularly across emerging markets.
Liquidity Indicators Point to Accumulation
CryptoQuant contributor Joao Wedson emphasized TRON’s “remarkable resilience” amid a broader crypto market slowdown. His analysis of JustLend data, TRON’s largest lending platform, shows a rise in liquidity reserves and a decline in leverage, signaling a more stable and capital-rich environment.
TRON shows remarkable resilience.
While many ecosystems face liquidity stress, data from JustLend reveals growing reserves and a steady reduction in leverage. This reflects confidence and strong fundamentals.
Liquidity is accumulating, not fleeing.
Both jTRX and jUSDT pools are… pic.twitter.com/nvTBBRuG3Q— Joao Wedson (@joao_wedson) October 29, 2025
“Liquidity is accumulating, not fleeing,” Wedson wrote, adding that both jTRX and jUSDT pools are seeing higher reserves relative to borrow volumes.
Historically, similar setups, where capital flows back into TRON’s lending ecosystem while leverage cools, have preceded strong TRX rallies. The data indicates that investors are rebuilding positions and confidence in the ecosystem after a consolidation phase lasting several months.
Network Fundamentals and Market Outlook
TRON’s steady fundamentals continue to differentiate it from other Layer 1 blockchains. Its consistent transaction throughput, growing TVL in DeFi, and integration with stablecoin markets have positioned it as one of the most utilized networks globally.
The combination of surging network activity and improving liquidity conditions could serve as a bullish catalyst for TRON heading into the final quarter of 2025. Analysts highlight that maintaining this trend—especially amid tightening liquidity across broader crypto markets, underscores TRON’s growing maturity and stability.
With transaction counts climbing and on-chain metrics strengthening, market watchers are now asking the same question posed by analysts: Is this the start of TRON’s next breakout?