- Tron had over 2 million active addresses per day.
- In Solana’s case, that number remained less than 1 million.
tron [TRX] The network has recently outperformed other platforms including Solana [SOL]with daily active addresses.
Furthermore, when analyzing their respective native tokens, we can see that TRX has recently shown favorable trends over SOL.
Tron leads Solana in active address
According to recent data, Coin98 AnalyticsTron Dao once again took the lead as the platform with the highest number of daily active users for the month.
This chart shows over 2.4 million daily active users, a significant 50% increase compared to the previous month.
Conversely, Solana ranked 5th with less than 1 million users. An analysis of Solana’s daily active addresses reveals a figure of over 854,000, despite the notable amount of his NFT activity on the platform.
However, when looking at the Total Value Locked metric, Solana appears to be trending more favorably, even though Tron boasts a larger TVL.
I think Solana will recover more TVL than Tron.
According to data from Defilama, Tron and Solana’s Total Value Locked (TVL) numbers are $8.3 billion and $4.3 billion, respectively. His TVL on TRX is almost double that of SOL.
However, further analysis of the TVL trends reveals that SOL has recently shown better trends in TVL than TRX.
The chart shows that both TRX and SOL experienced sharp downtrends around April. However, his TVL in SOL seemed to recover faster and an upward trend was observed.
In contrast, TRX showed a more pronounced downward trend and was continuing to trend downward at the time of this writing.
TRX and SOL are seeing contrasting price trends
Analyzing the price trends of Solana (SOL) and Tron (TRX) over the past six days reveals contrasting patterns.
TRX price has been on a continuous upward trend since May 7th, only briefly halting due to a slight decline on May 11th. During this period, the price rose from approximately $0.120 to $0.126.
At the time of writing, prices were up approximately 0.16%.
Source: TradingView
Meanwhile, SOL suffered consecutive declines on May 7th and 8th, dropping its value by more than 7% to around $142.
However, on May 9th, there was a significant increase of over 7%, bringing the price back to around $152.
The decline has continued since then, and at the time of writing, SOL is trading at around $144, representing a 0.3% decline.
Source: TradingView
read solana’s book [SOL] Price prediction for 2024-2025
From these charts, if the upward trend in TRX price continues, the number of daily active addresses could increase.
Conversely, if the price of SOL continues to fall, this could further impact the number of daily active addresses on the platform.
