TRX price faces the biggest decline in Q4 despite TRON Network activity reaching ATH

The increase in user activity and transactions on the TRON Network in December pushed the total number of accounts to a new all-time high (ATH).

Although network adoption continues to grow strongly, the price of TRX has yet to break out. In this quarter, the token has decreased by more than 16%, marking Q4 as the worst-performing quarter since its launch.

TRON Network Continues to Expand Despite Market Stagnation

According to data from Tronscan, the total number of accounts on the TRON Network has increased by 26.3% since the beginning of the year, reaching a peak of 355.4 million in December 2025, with over 240,000 new accounts created each day.

Additionally, data from DeFiLlama shows that the number of active addresses remains stable, even as the entire cryptocurrency industry experiences a decline in user activity and growing concerns.

Derivatives trading activity on TRON also saw strong growth, with perpetual contract volume reaching $1.1 billion on December 23. This reflects increasing interest in leveraged trading on the TRON platform.

Perpetual Contract Volume and Active Addresses on TRON | Source: DeFiLlama A prominent advantage of TRON is its leading role in issuing stablecoins. The network currently accounts for 26% of the stablecoin market share, with a total capitalization of $80.842 billion, according to data from DeFiLlama. As a result, TRON plays a key role in the global trend of dollar digitization.

TRX Price Movements and Future Outlook

Despite the impressive network expansion, TRX still faces many challenges from the market. According to CryptoRank, this altcoin has lost 16.2% of its value since October, marking the deepest decline in Q4 since 2017.

An analyst commented: “TRON is showing a clear divergence between fundamentals and price action. The network adoption is growing strongly, but demand for the token has not really improved. This is a typical example of fundamental factors leading, while price needs time to confirm.”

According to data from Coinphoton, in the past 24 hours, TRX has decreased by 0.096%, currently trading around $0.27.

TRX Price Chart | Source: Coinphoton However, some investors still hope for a recovery in TRX. Technical analysis indicates that TRX has just confirmed a breakout from an ascending wedge pattern on the daily chart—a pattern often associated with strong bullish reversals.

“A strong growth of 30%–40% is forecasted,” the analysis states.

Beyond price concerns, TRX also faces questions about decentralization. According to a Bloomberg report, Justin Sun is accused of controlling over 60% of TRX tokens, raising doubts about the decentralization of the TRON Network and reminiscent of centralized systems that cryptocurrencies aim to change.

These concerns extend to other tokens within Sun’s ecosystem. An analysis on social media compared the stability of TRX with the heavy losses of coins related to Sun. While TRX has generated profits since the ICO, other tokens have experienced significantly deeper declines.

In summary, although network activity continues to grow, concerns over centralization and pressures from the overall market remain factors that suppress TRX’s price. As we move into 2026, whether this token’s price can catch up with the growth of its fundamental factors remains an open question.