San Francisco, CA – Tron (TRX) has recently shown significant growth in daily active addresses, surpassing its competitors like Solana (SOL). According to recent data from Coin98 Analytics, Tron Dao has taken the lead as the platform with the most daily active users for the month, with over 2.4 million daily active users, marking a 50% increase compared to the previous month.
On the other hand, Solana ranked fifth in daily active addresses, with a user count below 1 million. Despite the notable volume of NFT activities on the platform, Solana’s daily active addresses remained below 854,000. However, when examining their Total Value Locked metrics, Solana seems to be showing a more positive trend compared to Tron, despite having a lower TVL figure.
Analyzing the price trends of Tron and Solana over the last six days reveals contrasting patterns. TRX’s price has shown consecutive uptrends since May 7th, with a minor decline on May 11th. The price rose from around $0.120 to $0.126 during this period, with a 0.16% increase at the time of writing. On the other hand, SOL experienced consecutive declines on May 7th and 8th, resulting in over a 7% loss of its value, dropping to around $142. However, it witnessed a significant over 7% increase on May 9th, bringing its price back to around $152, with subsequent declines trading at around $144 at the time of writing, representing a 0.3% decline.
From these trends, it is clear that the performance and price movements of TRX and SOL have influenced their daily active addresses and user engagement on the platforms. As the market continues to fluctuate, investors and users will closely monitor how these blockchain projects respond to market dynamics to make informed decisions.