Tron’s TVL on DEXs surges – What it means for investors – BitRss

• TRX ($0.22) saw a 3.7% recovery amidst a double-digit weekly decline.
• Analysts highlighted decentralized platform growth and bullish technical structures.

The broader cryptocurrency market has experienced sharp declines in recent days, and TRON [TRX] has not been immune to the downward pressure. Over the past week, TRX has shed 10% of its value, dragging its market capitalization below the $20 billion mark. 

However, the trend took a turn in the last 24 hours. TRX has shown a modest recovery, rising 3.7% to a current price of $0.2253. This uptick provides a brief respite for TRX, but the broader context remains challenging.

Amid this price movement, the on-chain analytics platform CryptoQuant provided new insights into Tron’s network activity.  According to analyst Darkfost, Tron’s decentralization appears to be evolving.

Darkfost noted that while the number of monthly active addresses remained stable throughout 2024, there was a noticeable shift toward activity on Decentralized Exchanges (DEXs) and platforms rather than Centralized Exchanges (CEXs).