TL;DR

• Tron’s network continues to attract users due to its fast transaction speeds and low costs, hence the latest impressive milestone.
• At the same time, the native token’s price seems stuck between two major buy and sell walls, with little indication of the direction of the next move.

Although it’s still behind the leader, Ethereum, Tron’s USDT share has skyrocketed in the past few years. According to Tether’s transparency page, almost $72 billion worth of the world’s largest stablecoin is on Tron (from the Total Authorized amount), while Ethereum leads with $74.5 billion.

The numbers are even closer when you look at the net circulation – $73 billion for Ethereum and $71 billion for Tron. Solana, Ton, and Avalanche trail further behind, with around $2 billion each.

Perhaps that’s one of the biggest reasons behind the milestone we hinted about. CryptoQuant informed earlier this week that Tron has “grown to be one of the most active blockchain networks in the world” as it had crossed the $10 billion total transactions target.

The report claims that the daily transaction count is well above $8 million, which places Tron among the leaders in the space.

Although the current average daily numbers are far from the 2023 peak, they are still close to the bull runs in mid-2021 and late 2024.

TRX’s price exploded late last year, surging to a new all-time high of over $0.43. However, it failed to maintain its run and has lost over 40% of its value since then. The past few months have seen the asset trading mostly in a tight range between $0.2 and $0.26.

According to a popular market observer and data analyst, TRX has built a buy wall at approximately the current price range, which acts as support in case of a violent nosedive. However, it also has a sell wall at around $0.3, which could mean that the asset will remain within this range for a while.

TL;DR

• Months after it was declared a ghost town, the Bitcoin network has picked up pace again, with the number of active addresses skyrocketing to over 900,000.
• At the same time, a popular technical indicator has flashed a buy signal, suggesting that BTC’s price could be primed for another run in the short term.

Network activity is an important metric that helps determine whether or not the underlying blockchain is being used and to what extent. Although it’s not directly linked to the asset’s price movements, it shows the overall interest in it, and sometimes coincides with said moves.

For instance, the active addresses skyrocketed after the US elections, and BTC’s price followed suit. Contrastingly, the activity levels plunged after Trump’s inauguration, as the Bitcoin network was declared a “ghost town,” and the asset’s price followed suit in the following months, dropping from over $100,000 to under $80,000.

Now, though, Ali Martinez, the popular analyst on X, outlined a substantial uptick in the number of daily active addresses. His chart shows that the usage has shot up to over 925,000 such wallets, which is the highest amount in six months.

925,914 #Bitcoin $BTC addresses were active in the past 24 hours. This is the highest level of network activity in the last six months. pic.twitter.com/fwmkrTrhA2

— Ali (@ali_charts) May 3, 2025

Recall that BTC’s price has already regained over $20,000 since its April 7 and 9 lows of under $75,000. However, it faced rejection at $98,000 yesterday and has fallen by around two grand.

Nevertheless, Martinez brought up another chart, which suggests more price increases are to come for the largest digital asset. The TD Sequential, a metric used to showcase the market’s exhaustion in either direction, has flashed a buy signal on the hourly chart, which is usually a good entry point.

#Bitcoin $BTC may be setting up for a rebound, with the TD Sequential flashing a buy signal on the hourly chart! pic.twitter.com/XccDIHmQ6V

— Ali (@ali_charts) May 3, 2025

Vetle Lunde, the head of research at K33 Research, pointed out in an astonishing Crypto X post on Apr. 30 that the cryptocurrency’s 7-day volatility had just hit a 563-day low.

BTC 7-day volatility hits 563 day low pic.twitter.com/9xvvQ3t6N7

— Vetle Lunde (@VetleLunde) April 30, 2025

Meanwhile, 30-day Bitcoin price volatility against the US dollar has steadily ratcheted down. BTC volatility has been receding since 2011 and since 2021, according to data from BitBo and TheBlock.

Low Bitcoin Volatility: Bullish or Bearish for Price?

Low volatility can be bearish for cryptocurrencies and stocks. That’s because during bull markets prices tend to swing upward with more volume and correct more suddenly.

As a result, some traders may interpret low volatility as a sell or wait signal. But, Bitcoin’s chart technicals achieved this landmark record during a fierce BTC rally on Wall Street funds and crypto exchanges.

So, it may be difficult to fit this into the bigger picture as a bearish sign.

Instead, low BTC volatility may simply be the result of Bitcoin now having such a high market cap, near the $2 trillion notch to start May, that liquidity runs smoother. Whale-sized participants no longer have the volatile splash effect on the overall market they once had.

Fidelity: Many Stocks More Volatile Than BTC

Overall, that’s a bullish milestone for Bitcoin. It means the network has grown in capitalization at such a startling pace that now it doesn’t bob up and down so much like a small boat in the ocean. Instead, it moves more like a large, well-keeled, and stately craft.

A Fidelity Digital Assets research study from last year pointed out some interesting facts about BTC’s price fluctuations, such as, “Bitcoin is volatile, but less so than many popular mega-cap stocks.”

The Boston-based mega investment corporation also said, “Bitcoin is currently less volatile than 33 S&P 500 stocks, and as recently as late 2023, there were 92 S&P 500 stocks more volatile than bitcoin.”

The report nailed one projection: “Bitcoin’s volatility has declined and is expected to continue doing so.” Meanwhile, the crypto’s price has been rapidly increasing after the early April low of under $75,000 and is knocking on the $100,000 door.