TRON (TRX) New Accounts Jump 42.87% to One-Month High

TRON (TRX) founder Justin Sun shared fresh account data on July 29, revealing a 42.87% jump in daily signups. The 230,862 total marked TRON’s best daily signup count in a month, according to on-chain tracker Lookonchain.

He said the surge shows more users are choosing the network every day.

Account Growth Accelerates

The spike stands out against a month of steadier signups. Daily new-account totals on TRON had hovered between 150,000 and 200,000 through most of July. That range broke earlier this week, when the total jumped past 230,000, based on Tronscan data.

TRON’s broader user base has also kept expanding this year. The network had recorded more than 395 million total accounts and processed over 14 billion transactions as of July, according to TRON DAO. That scale keeps TRON among the busiest blockchains by transaction count.

Analysts tie the account surge to rising stablecoin demand on TRON. USDT, the dollar-pegged stablecoin issued by Tether, has pushed past $90 billion in circulating supply on the network this year. That expansion may be pulling fresh wallets onto the chain, since new users often arrive to send or hold the stablecoin.

Corporate demand adds another layer. Tron Inc., a Nasdaq-listed treasury firm, has kept expanding its TRX holdings this year, lifting its stash above 707 million tokens. Unlike traditional corporate treasuries, its trades stay visible in a public wallet. The continued buying may be drawing new wallets toward the network as well.

Broader Momentum Builds Behind TRON

Sun addressed the growth directly in his post.

TRON is preparing a bigger technical shift. Sun has said the network plans a quantum resistant upgrade later this year. This follows the successful launch of its upgrade on the Nile testnet earlier this year. The upgrade aims to protect the chain against future decryption threats.

TRX Price Perfomance. Source: BeInCrypto Markets

TRX traded near $0.33 on July 29, up roughly 0.3% over 24 hours, according to BeInCrypto data. However, a TRX price forecast still points to further tests of resistance near $0.365 before any bigger move higher.

Whether the account surge marks a lasting shift remains unclear. Tronscan’s weekly figures, due in the coming days, may offer a clearer answer as analysts watch for follow-through.

The post TRON (TRX) New Accounts Jump 42.87% to One-Month High appeared first on BeInCrypto.