TRX rises, smart contract creation flat

The TRON network is seeing a disconnect between smart contract activity and TRX’s rising market value. In the past month, basic assets have climbed more than 12% in the broader market recovery rate and are currently trading at $0.275.

As token prices rise, questions about whether chain fundamentals remain important or whether market sentiment occupies a driver’s seat.

Smart contract growth booth

From 2017 to 2025, Tron’s ecosystem underwent a significant shift, reflected in the trajectory of its smart contract activity and the market price trajectory of local tokens. In its early days (2017-2019), Tron experienced rapid growth. The creation of smart contracts and TRX prices soared, driven by strong investor interest and network excitement.

However, this early stage is followed by a period of stability, with contract deployment and price action flat. As the rise of Defi has inspired the use of smart contracts throughout the ecosystem, a second growth has begun. TRX prices responded positively, which, based on the crypto volume, suggests a healthy relationship between chain activity and market valuation.

Starting from 2022, this route begins to collapse. While smart contract deployments show signs of stagnation, TRX prices continue to rise with “sporadic and sustained less” prices, especially through 2023 and 2024.

This difference suggests that chain chain factors, including speculative sentiment or macro-market conditions, have become a stronger driver of TRX’s value. During this period, a sharp and brief peak in contract activity may be associated with isolated technical events or brief projects rather than sustained ecosystem growth.

The ongoing decoupling between developer activities and prices raises important questions about the long-term health of the network. Although TRX maintains market momentum, flat trends in smart contract creation may reflect developer interests or mature ecosystems, while new deployments are less deployed. The report further states that

“The sustainable growth of these two metrics may depend on real-world utilities and ongoing developer innovation. If the downward trend in contract deployment persists, it may be necessary to investigate what is the price separation that separates TRX from core chain activities.”

While the creation of smart contracts has shown signs of stagnation since 2022, user-level activity on the TRON network continues to rise.

User activity surges on TRON

Now, the network averages more than 8 million daily transactions. This figure has risen by more than 30% over the past four months and is driven in large part by the increase in participation in existing services and decentralized applications. This difference further suggests that although innovation may slow down, demand for current products remains large.

In addition, TRX’s monthly transfer volume soared to an all-time high in May this year, reaching $132.4 billion.