Tron (TRX): A Scalable Blockchain Bet on Emerging Market Adoption and Stablecoin Dominance in 2025 / Part 2

Part 2 / Page 1

‍

5. Current Circulating Supply and Unlock Status

Circulating Supply:

As of January 2025, TRX’s circulating supply is approximately 92 billion, with the remainder locked in staking, ecosystem reserves, or foundation-controlled wallets.

‍

Recent Unlocks:

The last major unlock event occurred in late 2024, with most team and foundation tokens now fully liquid. Ongoing emissions are primarily for staking rewards and ecosystem incentives.

‍

Source:

TRON Price Prediction 2025: TRX Could Reclaim All-Time High – CCN

‍

6. Market Reactions to Unlock Events

Price Movements:

TRX reached its all-time high of $0.4407 in December 2024, nearly doubling in value from earlier in the year. However, after the unlocks and subsequent profit-taking, the price corrected to around $0.241 by January 2025.

‍

Market Cap:

TRX remains the 10th-largest crypto by market capitalization, with a market cap of $20.76 billion as of January 2025.

‍

Whale Concentration:

On January 21, 2025, one wallet held more than 10% of TRON’s supply, indicating significant concentration and potential for market-moving sales.

‍

Source:

TRON Price Prediction 2025: TRX Could Reclaim All-Time High – CCN

‍

7. Illicit Activity and Network Security

Reduction in Illicit Transfers:

According to TRM Labs’ 2024 Crypto Crime Report, the number of illegal transfers on the TRON blockchain decreased by $6 billion in 2024, effectively halving the share of such behavior in total blockchain trade. This improvement in network security and compliance has bolstered investor confidence, even as TRON remains responsible for 58% of illicit crypto transactions globally.

‍

Source:

Here’s How Tron’s TRX Will End January 2025 – Watcher Guru

‍

8. Growth in Network Activity and User Base

Active Addresses:

TRON’s active addresses surged by 64% in 2024, reflecting a rapidly growing user base and heightened on-chain activity.

‍

Price and Adoption:

TRX’s price surged from $0.105 to an all-time high of $0.450 in 2024-a 328.75% increase-on the back of ecosystem growth and increased adoption.

‍

Source:

Here’s TRX’s price outlook for 2025 after TRON addresses surge by 64% – AMBCrypto

‍

9. Upcoming Milestones and Unlock-Related Catalysts

TRON 5.0 Mainnet Upgrade:

The upcoming mainnet upgrade will introduce enhanced scalability and interoperability features, positioning TRON as a leading dApp platform.

‍

Expansion of DeFi Ecosystem:

TRON is integrating more DeFi protocols and services, aiming to increase total value locked (TVL) and user engagement.

‍

Strategic Partnerships:

The network is actively seeking partnerships with major financial institutions and tech companies to broaden its ecosystem and drive adoption.

‍

TRON-Based Stablecoin:

The launch of a TRON-native stablecoin is expected to facilitate seamless transactions and attract more users to its DeFi platforms.

‍

NFT Marketplace Development:

TRON is developing a robust NFT marketplace to capitalize on the digital collectibles market, providing artists and creators with a new platform.

‍

Source:

TRON (TRX) HOLDERS: 10 GAME-CHANGING MILESTONES TO WATCH IN 2025! – CryptoNews

https://cryptonews.net/news/analytics/30328119/ 

‍

10. Calendar of Upcoming Unlocks and Events

Event Tracking:

Investors can track upcoming unlocks, network upgrades, and major ecosystem events through cryptoasset calendars and news feeds.

‍

Source:

CoinMarketCal – Cryptoasset Calendar

https://coinmarketcal.com/en/?form%5Bcoin%5D%5B%5D=TRON+%28TRX%29&form%5Bmonth%5D=&form%5Bsort_by%5D=hot_events&form%5Bsubmit%5D=&form%5Byear%5D= 

‍

TRON (TRX) Feed: Events, News & Roadmap – Coindar

https://coindar.org/en/coin/tron 

‍

11. Actionable Insights for Investors

Monitor Foundation Wallets:

Use on-chain analytics to track movements from known foundation and team wallets, as large transfers can precede market volatility.

‍

Watch Staking Participation:

High staking rates can absorb unlocked supply, reducing sell pressure. Drops in staking may signal upcoming liquidity events.

‍

Plan for Volatility:

Be prepared for increased volatility around known unlock dates or large transfers, and consider liquidity provisioning strategies to minimize slippage.

‍

Engage with Governance:

Participate in governance to advocate for transparency around future unlocks and ecosystem fund usage.

‍

12. Summary of TRON (TRX) Token Unlocks and Market Impact: A Quantitative Perspective

TRON (TRX), launched in 2017 with a fixed maximum supply of 100 billion tokens, has undergone a series of structured token unlock events that have significantly influenced its circulating supply, market liquidity, and price dynamics over time. Understanding these unlock schedules and their associated market impacts is crucial for institutional investors and family offices aiming to manage liquidity and optimize exit timing.

‍

1. Unlock Events from 2018 to 2020: Public and Private Sale Unlocks

Between 2018 and 2020, TRON experienced its first major phases of token unlocks, primarily involving tokens allocated to public and private sale investors. During this period, the circulating supply increased substantially from initial levels to approximately 60 to 80 billion TRX. This influx of tokens into the market introduced significant new supply, which the market had to absorb.

‍

The impact on price during these early unlocks was pronounced. The market experienced high volatility, with notable price dips as some token holders, particularly early investors, took profits following the expiration of lock-up periods. This period was characterized by uncertainty and price swings, as the ecosystem was still maturing and liquidity was developing.

‍

These unlocks were critical in transitioning TRON from a token with a largely locked supply to one with substantial circulating liquidity, enabling broader market participation and exchange listings. However, the sudden increase in supply also introduced sell pressure that contributed to price corrections.

‍

Sources:

‍

TRON (TRX) Live Tokenomics, Charts, Ratings & News | TokenInsight

https://tokeninsight.com/en/coins/tron/tokenomics 

‍

TRON price today, TRX to USD live price, market cap and chart – CoinMarketCap

https://coinmarketcap.com/currencies/tron/ 

‍

TRON Historical Data – Investing.com

https://www.investing.com/crypto/tron/historical-data 

‍

2. Unlock Events from 2021 to 2023: Team and Foundation Unlocks

Following the initial public and private unlocks, TRON entered a phase between 2021 and 2023 where the majority of token unlocks were related to the TRON Foundation and founding team. During this timeframe, the circulating supply further expanded to approximately 80 to 90 billion TRX.

‍

Unlike the earlier unlocks, these releases were more gradual and strategically managed to avoid overwhelming the market. The team and Foundation tokens were subject to multi-year vesting schedules, with annual tranches released to align incentives and maintain market stability.

‍

The market impact during this period was moderate. While increased supply did introduce some selling pressure, the growing maturity of the TRON ecosystem, increased staking participation, and broader adoption helped absorb the new tokens. Price volatility was less severe compared to the earlier unlocks, reflecting improved liquidity and investor confidence.

‍

This phase was marked by a gradual absorption of unlocked tokens into the market, supported by robust network activity and the expansion of decentralized applications (dApps) and decentralized finance (DeFi) projects on the TRON blockchain.

‍

Sources:

‍

TRON (TRX) Live Tokenomics, Charts, Ratings & News | TokenInsight

‍

TRONDAO: Decentralized Autonomous Organization DAO

‍

TRON Historical Data – Investing.com

‍

3. 2024: Final Major Unlocks and Market Reaction

In 2024, TRON underwent its final major unlock events, pushing the circulating supply to approximately 90 to 92 billion TRX. These unlocks were associated with the last significant vesting tranches for team and foundation tokens, as well as ongoing ecosystem incentives.

‍

The market reaction to these unlocks was characterized by moderate price volatility. Initially, the influx of new tokens contributed to a price surge, driven by positive sentiment around TRON’s ecosystem growth, including the expansion of stablecoin usage and DeFi activity on the network. However, this was followed by a price correction as the market digested the increased supply.

‍

Despite the correction, the overall impact was less disruptive than earlier unlocks, reflecting the network’s maturation, deeper liquidity pools, and increased staking rates that absorbed much of the new supply.

‍

Price data from April and May 2025 shows TRX trading in a relatively stable range around $0.24 to $0.25, supported by daily trading volumes exceeding $400 million, indicating healthy liquidity and market participation (https://www.investing.com/crypto/tron/historical-data). 

‍

Sources:

‍

TRON price today, TRX to USD live price, marketcap and chart – CoinMarketCap

https://coinmarketcap.com/currencies/tron/ 

‍

TRON Historical Data – Investing.com

https://www.investing.com/crypto/tron/historical-data 

‍

TRON (TRX) Live Tokenomics, Charts, Ratings & News | TokenInsight

https://tokeninsight.com/en/coins/tron/tokenomics 

‍

4. 2025 and Beyond: Staking and Ecosystem-Driven Supply Dynamics

From 2025 onwards, the circulating supply of TRON is expected to remain above 92 billion TRX, with new token emissions primarily driven by staking rewards, ecosystem incentives, and decentralized governance participation.

‍

Approximately 35 to 40% of circulating TRX is currently locked in staking contracts under the Delegated Proof of Stake (DPoS) consensus mechanism. This significant proportion of staked tokens acts as a buffer against market sell pressure, effectively reducing the liquid supply available for trading and contributing to price stability.

‍

The ongoing token emissions are carefully calibrated to incentivize network participation and ecosystem growth without causing disruptive supply shocks. This approach supports a low-impact supply increase, with minimal adverse effects on price and liquidity.

‍

The TRON ecosystem continues to expand through DeFi protocols, NFT platforms, and stablecoin adoption, providing organic demand for TRX and reinforcing its utility beyond speculative trading. This dynamic suggests that future supply increases will be largely offset by demand growth and staking participation, resulting in relatively low price volatility linked to token emissions.

‍

Sources:

‍

TRON (TRX) Live Tokenomics, Charts, Ratings & News | TokenInsight

‍

TRON Historical Data – Investing.com

‍

TRONDAO: Decentralized Autonomous Organization DAO

‍

5. Price Volatility Trends and Market Stability

The historical pattern of TRON’s price volatility closely follows its token unlock schedule. Early unlocks (2018–2020) were associated with high volatility and significant price corrections, reflecting the market’s adjustment to sudden increases in circulating supply.

‍

As the unlock schedule progressed into the team and foundation vesting periods (2021–2023), volatility moderated due to improved market depth, higher staking rates, and growing ecosystem maturity.

‍

The final major unlocks in 2024 saw moderate price swings, with an initial surge followed by correction, but overall greater price stability compared to earlier years.

‍

Looking forward, the combination of a largely unlocked supply, high staking participation, and ecosystem growth is expected to maintain low to moderate volatility levels, with price movements increasingly driven by market sentiment, macroeconomic factors, and technological developments rather than supply shocks.

‍

Sources:

‍

TRON Price Analysis and Market Events – Cointelegraph

‍

TRON (TRX) Live Tokenomics, Charts, Ratings & News   | TokenInsight

‍

6. Whale Concentration and Market Liquidity

A significant feature of TRON’s token distribution is the concentration of supply among large holders. As of 2025, the top 100 TRX wallets control approximately 60% of the circulating supply. This concentration poses both risks and opportunities.

‍

On the risk side, large holders have the potential to influence market prices through coordinated sales or buybacks, potentially causing liquidity shocks or price instability.

‍

On the opportunity side, many of these whales are long-term investors who actively participate in staking and governance, aligning their interests with network health and stability. Their engagement can reduce sell pressure and contribute to orderly market behavior.

‍

Investors should monitor whale wallet movements and staking participation as key indicators of potential liquidity events and price dynamics.

‍

Sources:

‍

TRON (TRX) Live Tokenomics, Charts, Ratings & News | TokenInsight

https://tokeninsight.com/en/coins/tron/tokenomics 

‍

TRON Historical Data – Investing.com

https://www.investing.com/crypto/tron/historical-data

‍

Thank you for taking the time to read this article. We invite you to explore more content on our blog for additional insights and information.

https://www.thestandard.io/blog  

‍

"If you have any comments, questions, or suggestions, please do not hesitate to reach out to us at [ https://discord.gg/K72hed6FRE ]. We appreciate your feedback and look forward to hearing from you."

‍

CLICK HERE TO CONTINUE

PART 2 / PAGE 2: www.thestandard.io/blog/tron-trx-a-scalable-blockchain-bet-on-emerging-market-adoption-and-stablecoin-dominance-in-2025-part-2-2