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TRON (TRX) holds key support levels, with the number of online accounts exceeding 392 million

2026-07-09 18:10:12
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Core Points

The total number of wallet addresses across the wavefield (TRON) blockchain network has officially exceeded 392 million. TRX is currently trading at US$0.3321 and has a total market value of US$31.5 billion. Technical analysts regard US$0.35 as a key resistance area and are expected to usher in a market after a breakthrough. Tron Inc. once again increased its holdings of 151,322 TRX tokens, bringing its treasury position to more than 704 million tokens. Since July 1, Bochang Network\'s total locked position value (TVL) has increased by US$1.95 billion, or 7.8%.

Price performance and network milestones

The recent price trend of the wavefield (TRX) has remained stable, while its blockchain platform has achieved important network growth milestones and continues to attract institutional increases. According to data from Bochang\'s official blockchain browser, the total number of accounts across the platform has successfully exceeded 392 million. This indicator covers all wallet addresses generated on the blockchain network and differs from the number of active users per day or month.

Since launching its independent mainnet in 2018, Bochang has positioned itself as a leading infrastructure in stablecoin transactions and decentralized content distribution. According to data from the DeFi data analysis platform, USDT transfers on wavefield networks dominate the flow of stablecoins in major blockchain networks.

The platform\'s infrastructure supports processing up to 2000 transactions per second with extremely low handling fees, with an average of only about 0.0003 TRX per transaction. This advantage of high throughput and low cost has attracted a large number of institutional adoption from industry giants such as Binance, HTX and Tether.

Blockchain analysis platform records show that since early July, the total locked value (TVL) of wavefields has increased by US$1.95 billion, an increase of 7.8%. This growth trend suggests that on-chain activity has accelerated in recent weeks.

Currently, TRX is valued at US$0.3321, up 1.13% in the past 24 hours. During this period, trading volume for the token recorded US$492.43 million, while maintaining a market value of US$31.5 billion.

Key resistance areas receive much attention

Cryptocurrency technical analysts have observed that TRX is still holding on to a key support area, thereby maintaining its bullish technical structure. Its analysis emphasizes that US$0.35 is the next important resistance level that needs to be closely watched.

Market technicians believe that if the price can decisively break through the US$0.35 level, it is likely to attract more buying momentum and push the price up further. Conversely, if a breakthrough attempt fails-manifested by a brief surge in prices above resistance and then a rapid retreat-it could release selling pressure.

According to technical analysis, TRX either needs to convincingly break through $0.35 or must maintain consolidation within its established trading range.

Institutions continue to increase their holdings

Tron Inc. executed another strategic acquisition, purchasing 151,322 TRX tokens at an average entry price of US$0.3304 each. The transaction brought its institution\'s cumulative TRX positions to more than 704 million positions.

The company announced plans to further expand its Tron Digital Asset Treasury (DAT) by continuing to increase its holdings. This continuous buying behavior demonstrates firm confidence in the original assets and long-term strategic layout.

In addition, the wavefield DAO also recognizes account growth achievements and links them to the network\'s broader decentralization goals.

The emerging regulatory frameworks in the EU and United Arab Emirates are expected to affect the ability of Bofang to establish more institutional cooperation in the future.

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