Within the cryptocurrency industry, Tron (TRX)—a digital currency project under Justin Sun—has been grappling with a bearish market trend. The situation has seen Tron’s price take a nosedive by over 40% from its highest level recorded in 2024. As reported recently, the price of Tron’s token, TRX, dwindled to a lowly $0.2290. Nonetheless, several underlying factors suggest that a rebound might not be too far off.
Tron’s Strong Performance in Fee Earnings
Although TRX’s price has been falling, recent data indicate that Tron is performing exceptionally well in other areas. For instance, data sets by TokenTerminal reveal that Tron is currently occupying the second position as the largest fee earner in the cryptocurrency space. This year alone, Tron has raked in an impressive $330 million from fees.
The only contender outperforming Tron in fee earnings is Tether, which has accrued a whopping $430 million in 2025. Interestingly, Tron’s performance surpasses other popular cryptocurrencies like Ethereum (ETH) and Solana (SOL). So far this year, Ethereum and Solana have earned $172 million and $278 million in fees, respectively.
Rising Presence in the Stablecoin Market
The growing fees earned by Tron can be traced back to its escalating presence in the stablecoin market. Tron’s stablecoin market capitalization has ballooned to more than $61 billion, and transfer volumes have been staggering. For example, on a single day last week, the transfer volume of Tron-based stablecoins hit $100 billion.
Moreover, the network has seen a continuous rise in the number of USDT holders who now number above 60.4 million. Collectively, these figures suggest that Tron is making substantial grounds in the stablecoin market, hence the significant fees.
Staking Rewards and Other Potential Drivers
Tron has a system in place that ensures some of its earnings are rerouted to network validators and holders via staking. According to StakingRewards.com, the Tron staking yield sits at 4.5%, proving to be a more lucrative option for network participants compared to Ethereum’s 3.12% and Suis’s 2.54%.
Even more, there have been drastic changes in fundamental aspects that might steer TRX’s price in an upward trajectory in the months ahead. An observable phenomenon is the steady decline in Tron’s circulating supply as more tokens are being burned than minted. This approach is creating a deflationary effect on Tron’s token, and the total supply has now decreased to 86.11 billion, falling from 86.15 billion a month ago.
Tron’s network activity levels have been on the rise too. Last week Thursday experienced more than seven million transactions, a number significantly higher than the 5.4 million transactions recorded a week earlier. Accordingly, the cumulative transaction count now stands past the 9.56 billion mark.
A Glimpse at Tron’s Price Analysis
Interpreting from the weekly chart, TRX’s price has been marking patterns of lower lows and lower highs since the turn of the year. The pattern forms a falling wedge, which typically hints at the potential of a future breakout as the price nears the convergence point.
However, Tron has found support at the 200-day exponential moving average (EMA), a milestone it has managed to maintain above in the recent dovish market sentiment. This support level signals that sellers may be losing momentum to push the price further down.
Consequently, it can be inferred that the possibility of a strong bullish breakout for Tron lies ahead, with a potential target at its previous all-time high of $0.4485, representing an approximate 96% increase from its current level. However, a plunge below the 200-week moving average could annul this bullish perspective.
These technical and fundamental factors combined infuse optimism around the possibility of a strong rebound for Tron’s price in the coming weeks. With the signs suggesting a potential bullish breakout is looming, the future of Tron in the crypto landscape appears much brighter than a mere glance at its current price might suggest.
However, investors are advised to do their own research and understand that investing in cryptocurrency comes with inherent risks.
