TRON logged 385M transactions and 27M daily users, yet 60% of traders still bet against $TRX 📉

TRON's on-chain activity reached new milestones in June, with the network processing 385.77 million transactions and recording 26.97 million daily active accounts, according to data cited from Lookonchain. On June 10, TRON processed 14.55 million transactions and logged 5.8 million active accounts in a single day, both all-time daily highs per Tronscan. The simultaneous record-setting of transaction volume and active addresses marked broader ecosystem expansion rather than a brief spike in activity.

The network's stablecoin role further reinforced its position as a major settlement layer. TRON now hosts more than $86 billion in USDT, surpassing Ethereum ($ETH) in USDT transfer volume, according to DeFiLlama. Separately, TRON has launched GreatVoyage-v4.8.2-PQ1-build1 on the Nile Testnet, introducing post-quantum signature support that includes Falcon-512 and ML-DSA-44. The upgrade covers transactions, block production, node communication and contract verification, and remains live on Nile pending governance approval before any mainnet rollout.

Despite these fundamentals, derivatives traders maintained a defensive stance. Binance's top-trader Long/Short Ratio for TRX stood at 0.66, with 39.77% of positions long and 60.23% short, indicating professional traders had not aligned with the improving on-chain metrics. The ratio remained above the month's lowest readings, suggesting bearish conviction had eased slightly, though sellers continued to control positioning on the exchange.

At the time of writing, $TRX traded near a support area around $0.314, with immediate resistance near $0.332 and stronger overhead resistance close to $0.376. The Relative Strength Index (RSI) weakened to 38.70, falling below the neutral 50 level, while the Parabolic SAR continued printing dots above price. $TRX closed June down 10.35%, in line with the broader market move that erased roughly $500 billion from total crypto market capitalization, though $TRX outperformed Solana ($SOL) over the same period.