TRON: Q3 Stablecoin Settlement Reaches $2.21T
@OnchainDataNerd reported that TRON handled $2.21T in stablecoin settlements during Q3, averaging $24B cleared daily with supply rising 5.6% to $94.2B and monthly active addresses climbing 9.8%.
SourceAnalysis
TRON recorded $2.21T in stablecoin settlement volume for Q3, clearing roughly $24B per day for a 3.9% QoQ gain while stablecoin supply expanded 5.6% to $94.2B and monthly active addresses rose 9.8% to 18M, pushing cumulative transaction volume past $30T on 1.1B transactions in the quarter.
Price action on the 4h chart shows TRX locked at $0.33 where EMA50 and EMA200 converge as structural support, the MACD golden cross adding bullish momentum even as RSI holds neutral at 51.61 inside the Bollinger Bands, suggesting any upside attempt at upper-band resistance will likely meet supply before a measured pullback tests the $0.33 confluence zone.
The Data Nerd
@OnchainDataNerdThe Data Nerd (On a mission to make onchain data digestible)