Tron outperforms Ethereum in this category, how will it affect it’s growth

There has been a notable surge in public attention towards Tron lately, owing to its impressive performance over Ethereum in certain domains. As per the data obtained from Google Trends, it has been revealed that the Tron [TRX] protocol has surpassed Ethereum [ETH] in terms of social interest. Upon comparison of the keywords TRC20 and ERC20, it was discovered that the former had gained a tremendous amount of traction in the public sphere.

On the other hand, the Total Value Locked (TVL) metric for decentralized applications (dApps) witnessed a decline, as they began to display signs of underperformance.

TRX up whales’ sleeves

Coupled with that, the weighted sentiment for Tron improved as well. This implied that the crypto community had a positive outlook toward TRX. Whale behavior could be one reason for the positive sentiment being seen by Tron. Over the last few months, the interest in TRX from large addresses has increased materially.

The increased attention towards TRX from whales has coincided with a surge in its price, indicating that it could be a driving force behind its positive price movements.

However, if there is a high concentration of whales holding TRX, it could lead to the centralization of the network. In this scenario, retail investors may face greater exposure to future price fluctuations if these whales choose to liquidate their positions.

At press time, the price volatility of TRX declined, indicating that retail investors may be safer in the short term. However, the decline in TRX’s volume that occurred over the past few weeks could suggest that there may be a threat of a price correction for TRX in the future.

Coming to the protocol

Data from Token Terminal suggested that the Tron protocol has experienced a significant decline in development activity, with a 50% drop in the number of active developers on its network in the last 30 days. This could signal a lack of future updates or upgrades to the protocol, potentially limiting its ability to keep up with competitors.

Moreover, the daily activity on the Tron network also decreased by 12.0% during the same period. This could be concerning for Tron investors and users, as it may indicate a slowdown in the network’s adoption and usage.