$TRX Data TronScan shows that the Total Value Locked (TVL) on the TRX network has increased by more than 1.41% in the last 24 hours, reaching $27.14 billion. The surge in TVL reflects increased adoption along with a spike in user deposits.
Further reinforcing the increased adoption, the total number of accounts on the network has reached a record high of 323 million. The total transfer volume has surpassed $20.28 trillion, including an average stablecoin transfer of $160 billion last week, indicating increased network activity.
Tron bounced nearly 2% on Sunday, initiating an ongoing V-shaped recovery with a morning star pattern forming at last week's low of $0.3187. At the time this news was written, TRX has appreciated by more than 1% so far on Tuesday, adding to a 1.62% increase on Monday.
Looking upward, if TRX surpasses the $0.3385 level, it may retest last week's high of $0.3510.
