Tron vs Solana: How TRX’s 2 Million Daily Users Face SOL

  • Tron had a daily active address volume of over 2 million.
  • For Solana, the number remained less than a million.

You see [TRX] The network has recently surpassed other platforms, including Solana [SOL]in daily active titles.

Additionally, analysis of its original symbols indicates that TRX has recently shown a more favorable trend than SOL.

Tron leads Solana in active titles

According to recent data from Coin98 AnalyticsTron Dao once again took the top spot as the platform with the most daily active users this month.

The graph showed over 2.4 million daily active users, representing a significant 50% increase compared to the previous month.

Conversely, Solana ranked fifth with fewer than a million users. An analysis of Solana’s daily active addresses revealed a figure exceeding 854,000, despite the notable volume of NFT activity on the platform.

However, when examining the overall value locked metrics, Solana seems to show a more favorable trend even though Tron boasts a greater TVL value.

Solana sees TVL recovering more than TRON

According to data from DevillamaTron and Solana have total value locked (TVL) numbers of $8.3 billion and $4.3 billion, respectively. The TVL of TRX is almost double that of SOL.

However, after further analysis of TVL trends, it became clear that SOL has recently shown a more positive trend in TVL than TRX.

The chart indicated that both TRX and SOL saw sharp downtrends around April. However, SOL’s TVL appears to be recovering more quickly, with notable upward trends.

In contrast, TRX has shown more pronounced downward trends, which have continued at the time of this writing.

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TRX and SOL are seeing contrasting price trends

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

TRX price has shown consecutive upward trends since May 7, with only a brief pause due to a slight decline on May 11. The price rose from around $0.120 to $0.126 during this period.

At the time of writing, its price has increased by approximately 0.16%.

Tron price trend

Source: Trading View

On the other hand, SOL saw consecutive declines on May 7 and 8, losing more than 7% of its value and falling to around $142.

However, it saw a significant rise of over 7% on May 9, bringing its price to around $152.

Subsequent declines followed, with SOL trading at around $144 at the time of writing, representing a 0.3% decline.

Solana price trend

Source: Trading View

Read Solana’s book [SOL] Price forecasts 2024-25

From these charts, if TRX’s positive price trend continues, the number of daily active addresses may increase.

Conversely, if the price of SOL continues to decline, it may further impact the number of daily active addresses on the platform.

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