TRX Surges 2.36% as Chainlink Integration, Stablecoin Growth, and ETF Proposal Boost Momentum

TRON (TRX) has demonstrated notable ecosystem growth and positive market performance, with recent integrations and increased stablecoin activity contributing to its momentum. The asset’s price has risen by 2.36% over the past 24 hours to approximately $0.26, while trading volume stands at $976.26 million, reflecting a 6.32% decrease from the previous day.

The positive price movement is attributed to several key factors: the integration of Chainlink oracles, which enhances network utility; a surge in stablecoin activity, notably with Tether minting $16 billion USDT on TRON, pushing the total USDT supply on the network above Ethereum’s; and growing institutional interest, exemplified by the CBOE’s proposal for a TRX ETF. Additionally, all TRX investor cohorts are currently in profit, and the network processed over 60 million transactions in the past week, indicating strong user engagement. These developments have strengthened liquidity and increased demand for TRX, supporting the recent price gains despite a slight dip in trading activity.