March was generally a bearish month for most coins but Tron (TRX) and its network appear to have weathered the storm quite well.
March data ranks Tron as one of the top networks in terms of transactions, and TRX managed to close the month in the green, unlike most other top coins.
It closed March at a 2.50% premium compared to its opening price for the month.
Most of Tron’s rival coins including Bitcoin closed lower than their opening price for the month as bearish conditions prevailed.
The gains were even higher compared to Tron (TRX) monthly and 2-month lows. For example, it closed the month above a 13% gain from its lowest price point in March and a 19.23% gain from February lows.
This price action was not the only win that Tron managed to achieve in March.
Tron Ranked as one of the Top Performing Blockchains by Transaction Count in March
Aside from price action managing to favor the bulls, Tron also won in other areas. The network had 10.02 billion transactions in March, making it one of the busiest blockchains during the month.
The network’s monthly transaction count achieved a 2.63% gain compared to its transactions in February.
It also managed to outperform most of its other top rivals. Solana was the only other top blockchain that has an edge against Tron in terms of March transaction count.
Tron’s impressive transaction count in March confirmed that the network was still able to capitalize on its robust stablecoin liquidity position and low transaction costs.
This performance also warrants a recap of the network’s key performance metrics. Although Tron was up in terms of price and transactions, its TVL declined by a significant margin in the last 12 months.
For context, Tron’s (TRX) total value locked (TVL) dropped from 81.76 billion TRX on 1 April 2024, to 22.32 billion TRX exactly 12 months later.
However, there was a notable surge in its average daily transaction count, which jumped by almost doubled during the same period.
The positive transaction growth may have contributed to Tron crypto’s impressive resilience against the overall bearish trend in the market.
Tron (TRX) Stablecoin Strategy Contributes to Positive Network Growth
Tron embarked on a mission to tap into more stablecoin growth over the last 2 years.
This strategy appears to be paying off handsomely for the network judging by its stablecoin growth and directly correlated revenue growth.
Tron network’s daily chain revenue struggled to maintain pace above $500,000 in 2022.
Fast forward to 2025 and its daily chain revenue figures have been hovering well above $1 million.
Tron network’s stablecoin marketcap grew from as low as $31.10 billion in June 2022. Tron (TRX) recently surged to a new ATH of $66.63 billion as of 3 March.
What’s Next for Tron in April?
It is quite clear that Tron’s network growth may have contributed a great deal to TRX demand.
And with stablecoin demand growing especially during the bearish market conditions, Tron was poised to benefit.
But can the network maintain the same trend in April? TRX has already managed to secure a spot among the top 5 coins on Alt Rank by LunarCrush.
This ranking may not necessarily guarantee that TRX will deliver a bullish performance this month.
Nevertheless, it confirms that the coin is certainly one that many investors are watching closely.
TRX price action may have traded at a 46% discount from its December all-time high.
However, despite this discount, its press time price tag was still a healthy premium (46% from November lows and over 146% from 2024 lows.
The market may offer a whole new set of challenges in the next 4 weeks and it will be interesting to see how TRX will fair.
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