TRX vs SOL: A Comparison of Daily Active Addresses, TVL, and Price Trends

TRX vs SOL: A Comparison of Daily Active Addresses, TVL, and Price Trends

2024-05-13 00:04:13

  • Tron had a daily active address volume of over 2 million.
  • For Solana, the figure stayed below one million.

throne [TRX] The network has recently passed other platforms, including solana [SOL]in daily active addresses.

Furthermore, analysis of their respective native tokens indicates that TRX has recently shown a more favorable trend than SOL.

Tron leads Solana in active directions

According to recent data from Coin98 Analysis, throne Dao has once once more taken the lead as the platform with the most daily active users during the month.

The graph shows over 2.4 million daily active users, which is a significant increase of 50% compared to last month.

Instead, solana It was ranked fifth with a user count of less than 1 million. Analysis of Solana’s daily active addresses revealed a figure of over 854,000, despite the remarkable volume of NFT activity on the platform.

However, when examining the Total Value Locked metrics, Solana appears to be trending better despite Tron boasting a larger TVL.

Solana sees more TVL recovery than Tron

According to data from DefiLlama, throne and Solana have total value locked (TVL) figures of $8.3 billion and $4.3 billion, respectively. TVL to TRX is almost twice that of SOL.

On further analysis of the TVL trends, however, it becomes clear that SOL has recently shown a more positive trend in TVL than TRX.

The chart indicated that both TRX and SUN experienced strong downward trends around April. However, SOL’s TVL seemed to recover faster, with bullish trends observable.

In contrast, TRX showed more pronounced bearish trends, which persisted at the time of writing.

TRX and SOL see contrasting price trends

Analysis of the price trends of Solana (SOL) and Tron (TRX) over the past six days reveals contrasting patterns.

TRX The price has shown consecutive uptrends since May 7, with only a brief interruption due to a minor drop on May 11. The price increased from around $0.120 to $0.126 during this period.

At the time of writing, the price had increased by around 0.16%.

On the other side, SUN experienced subsequent declines on May 7 and 8, resulting in a loss of over 7% of its value and a drop to around $142.

However, it witnessed a significant increase of over 7% on May 9, bringing the price back to around $152.

Further declines followed, with SOL trading at around $144 at time of writing, representing a 0.3% drop.

File Solana [SOL] Price prediction 2024-25

Based on these charts, if the positive TRX price trend continues, the number of daily active addresses may increase.

On the contrary, if the price of SOL continues to fall, it may further affect the number of daily active addresses on the platform.

This is an automatic translation of our English version.


1715559915
#Tron #Solana #TRXs #million #daily #users #compare #SOL

Leave a Replay