Solana
Tron vs Solana: How TRX’s 2 Million Daily Users Compare to SOL
- Tron had a daily active address volume of over 2 million.
- For Solana, this number remained below a million.
Tron [TRX] The network has recently overtaken other platforms, including Solana [SOL]in daily active addresses.
Additionally, analysis of their respective native tokens indicates that TRX has been trending more favorably than SOL recently.
Tron leads Solana in active addresses
According to recent data from Coin98 Analysis, Tron Dao once again took the lead as the platform with the most daily active users for the month.
The chart shows over 2.4 million daily active users, which represents a significant increase of 50% from the previous month.
Conversely, Solana ranked fifth with the number of users less than 1 million. Analysis of Solana’s daily active addresses revealed a figure above 854,000, despite the notable volume of NFT activity on the platform.
However, looking at their total value locked metrics, Solana appears to be trending more favorably despite Tron enjoying a larger TVL.
Solana sees more TVL recovery than Tron
According to data from ChallengeLlama, Tron and Solana have total value locked (TVL) figures of $8.3 billion and $4.3 billion, respectively. TRX’s TVL almost doubles that of SOL.
However, upon further analysis of their TVL trends, it becomes evident that SOL has recently shown a more positive trend in TVL than TRX.
The chart indicated that TRX and GROUND experienced strong downward trends around April. However, SOL’s TVL appeared to recover more quickly, with upward trends observable.
In contrast, TRX displayed more pronounced downtrends, which persisted as of this writing.
TRX and SOL see contrasting price trends
Analyzing Solana (SOL) and Tron (TRX) price trends over the past six days reveals contrasting trends.
TRX The price has shown consecutive uptrends since May 7, with only a brief halt 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%.
Source: TradingView
On the other hand, GROUND experienced consecutive declines on May 7 and 8, causing it to lose more than 7% of its value and drop to around $142.
However, it saw a significant increase of over 7% on May 9, bringing its price down to around $152.
Subsequent declines followed, with SOL trading at around $144 at the time of writing, representing a decline of 0.3%.
Source: TradingView
Read by Solana [SOL] Price prediction 2024-25
Based on these charts, if the positive TRX price trend continues, the number of daily active addresses could increase.
Conversely, if the price of SOL continues to decline, this could further impact the number of daily active addresses on the platform.