Tron's DEX trading skyrocketed by 174% but TRX price remains sluggish: What is the reason?

The trading volume on decentralized exchanges (DEX) of Tron has surged dramatically, increasing by 174% to 3 billion USD. At the same time, the number of active wallets has also reached 87.7 million — a clear testament to the resurgence of on-chain activity, despite most other major assets remaining “stagnant.”

Notably, Halliday's recent integration of Tron allows users to join the ecosystem in less than 60 seconds, opening up a faster and more convenient experience than ever before.

Amidst that bright picture, the question many investors are asking is: will the growth in users along with increasingly easy accessibility be enough to create a new turning point for the price of TRX?

Tron explodes in October

October marks a period of explosive growth for Tron across most core performance metrics.

Source: DefillamaTrading Volume on DEXs reached 3.04 billion USD, a strong increase of 174% compared to last month, while perpetual contract trading (Perps) also slightly increased to 2.44 billion USD, corresponding to +3.47% MoM.

On the user side, the number of active addresses surged to 87.72 million, an increase of 13.42%, along with a total monthly transaction count reaching 304.34 million, up 9.09%. The uniform growth across these categories indicates that Tron is witnessing truly strong interaction on the network, not just short-term speculative waves.

Notable new points

One of the main driving forces behind the Tron network is the integration of Halliday — a significant step that enhances the user experience.

According to the press release, Halliday's new routing system has streamlined the user onboarding process, significantly reducing the time to purchase and deposit tokens from onramp channels, the bridge (, and exchanges — from 30 minutes to approximately 1 minute.

This improvement makes accessing assets on Tron easier than ever, especially for new users who are not familiar with blockchain.

CEO Halliday, Griffin Dunaif, emphasized:

“Payments using cryptocurrency need to achieve speed, smoothness, and simplicity like Web2. We are very excited to bring that experience to the TRON ecosystem.”

In addition, as Coin Photon previously reported, Tron also plays a part in the notable achievement of the T3 Financial Crime Unit — a coalition between Tether )USDT(, Tron, and TRM Labs, which successfully froze 300 million USD of illegal cryptocurrency across 23 jurisdictions.

TRX still needs a stronger “push”

On the daily timeframe, TRX price is still struggling in a weak zone, not yet finding a clear breakout point. At the moment, TRX is trading around 0.29 USD, with the RSI approaching the oversold zone but not showing strong reversal momentum, while the OBV continues to decline, reflecting that the buying volume is still quite weak.

![])https://img-cdn.gateio.im/webp-social/moments-443e9481f89d3bd73ac2e117ab23b52a.webp(Source: TradingViewAlthough the entire ecosystem is in turmoil, the price of TRX seems to remain “indifferent”, not responding accordingly.

To create a short-term recovery momentum, TRX needs a strong enough buying force, while breaking through the recent lower highs. If this has not occurred, it is likely that the current trend is just a sideways accumulation phase, rather than a real increase.

SN_Nour