 ▲ Tron (TRX) / AI-generated image |
Tron (TRX) is showing signs of a price recovery alongside a sharp increase in on-chain activity. TRON DAO continues to actively manage the token supply to enhance network scarcity and support long-term value.
According to a report on February 10 (local time) by a cryptocurrency-focused outlet, TRON DAO burned 10,296,013 TRX in a single day on February 9, reducing the circulating supply. As a result of this burn, Tron’s net supply decreased by 144,037 TRX. Supply burns serve as a key element in strengthening the deflationary mechanism of the Tron ecosystem and are drawing positive reactions from the market.
Tron founder Justin Sun emphasized that Tron’s bullish momentum is driven not by speculative demand but by real network usage. He noted that recent significant increases in active addresses and daily transaction volumes on the Tron network are evidence of ecosystem expansion. Indeed, Tron’s total value locked continues to maintain a solid position within the decentralized finance market.
Market analysts point out that Tron’s price movements are closely aligned with on-chain indicators. As stablecoin transactions and the use of DeFi services increase, fee revenues on the Tron network are also rising. This revenue growth leads to further TRX burns, creating a virtuous cycle that supports the token’s price.
At present, Tron’s price is forming a gradual upward trajectory in line with positive on-chain data trends. As the burn system operates smoothly and user participation continues to grow, Tron’s market share is expected to expand further in the future.
*Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. The publisher is not responsible for any investment losses incurred based on this content.*