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\t\t\t\t\t\t\t\tPosted: September 25, 2023 \t\t\t\t\t\t Tron\u2019s [TRX]<\/span><\/a> DeFi space recently witnessed a boost as a key metric shot up, which was encouraging to look at. The blockchain\u2019s network activity also grew over the past few days. However, TRX\u2019s price action remained mostly stagnant in the last seven days.<\/span><\/p>\n Read<\/span> Tron\u2019s [TRX] Price Prediction<\/span><\/a> 2023-24<\/span><\/p>\n TRONSCAN recently posted a tweet revealing that the blockchain\u2019s TVL witnessed a spike in the recent past. To be precise, TRX\u2019s TVL shot up on 15 September, finally marking an exit from its sideways route. As per the tweet, the top three DeFi projects on TRX were Just Foundation, Staking Governance, and Just Crypto. <\/span><\/p>\n At press time, Tron\u2019s TVL stood at $15.45 billion.<\/span><\/p>\n \ud83e\udd73The current #TVL<\/a> on #TRON<\/a> is $15.4b.<\/p>\n The top 3 projects on #TRON<\/a> by #TVL<\/a> are @DeFi_JUST<\/a> #JustLendDAO<\/a> ($ 4.73b), $TRX<\/a> Staking Governance ($ 3.94b), #Just<\/a> Cryptos ($ 3.06b). pic.twitter.com\/ra0wpGW9om<\/a><\/p>\n \u2014 TRONSCAN (@TRONSCAN_ORG) September 22, 2023<\/a><\/p>\n<\/blockquote>\n In addition to the TVL its network activity also increased over the last few days. This was revealed by Artemis\u2019 data, as it displayed a sharp spike in its daily active addresses, suggesting more users.<\/p>\n Interestingly, the hike in active addresses did not cause<\/span> TRX\u2019s<\/span><\/a> daily transactions to spike. As per TRONSCAN\u2019s<\/span> data<\/span><\/a>, at the time of writing, TRX\u2019s total accounts reached the 185 million mark. At the same time, the blockchain\u2019s total transactions exceeded 6.4 billion.<\/span><\/p>\n Source: Artemis<\/p>\n<\/div>\n While the ecosystem grew, the blockchain\u2019s native token\u2019s price action took a sideways path. As per<\/span> CoinMarketCap<\/span><\/a>, TRX\u2019s price only increased by 0.5% over the last seven days. <\/span><\/p>\n At press time, it was trading at $0.08391 with a market capitalization of over $7.4 billion, making it the 11th largest crypto. Development activity around the blockchain also dropped last week. <\/span><\/p>\n However, other metrics suggest that things can change soon. For instance,<\/span> TRX<\/span><\/a>\u2019s funding rate was red. <\/span><\/p>\n Usually, prices tend to go opposite to that of the funding rate. Hence, there could be a price uptick. The token\u2019s 1-week price volatility also sank last week. Moreover, TRX\u2019s open interest dropped last week.<\/span><\/p>\n
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\nTron\u2019s DeFi ecosystem is flourishing\u00a0<\/b><\/h4>\n
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<\/a><\/p>\nWill TRX\u2019s price correspond?<\/b><\/h4>\n
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