TRON [TRX]超過Cardano [ADA]，因為鏈數據揭示了其網絡活動的結構弱點

TRX和ADA在市值排名中排名第9位的比賽中被鎖定。但是，Cardano的延長合併低於1美元，這引起了人們對維護投資者信心的能力的擔憂。

Tron [TRX], Cardano [ADA], and Dogecoin [DOGE] are vying for dominance in the cryptocurrency hierarchy. As TRX and ADA are closely engaged in a battle for the ninth spot in market capitalization rankings, another angle on this competitive dynamic is emerging.

Tron [Trx]，Cardano [Ada]和Dogecoin [Doge]爭奪加密貨幣層次結構的統治地位。由於TRX和ADA緊密參與了市值排名第九位的戰鬥，因此這種競爭動態的另一個角度正在出現。

While both TRX and ADA encountered difficulties in the first quarter, their recovery trajectories have diverged significantly.

儘管TRX和ADA都在第一季度都遇到困難，但它們的恢復軌跡顯著差異。

As Cardano’s prolonged consolidation below $1 has raised concerns about its ability to maintain investor confidence in the long run.

隨著Cardano的長時間合併低於1美元，人們對其從長遠來看保持投資者信心的能力引起了人們的關注。

In fact, on-chain data revealed structural weakness in ADA’s network activity. Daily active addresses contracted 30.3% year-over-year, and fee generation slipped below pre-election levels to just $8.1k.

實際上，鏈上數據顯示ADA網絡活動中的結構弱點。每日活躍地址同比簽約30.3％，而收費的產量低於選舉前的水平，僅為$ 8.1K。

These deteriorating metrics hinted at a diminishing demand profile, potentially driving capital rotation towards TRON as a more resilient “alternative.”

這些惡化的指標暗示了需求的減少，有可能將資本旋轉向Tron旋轉，以此作為更具彈性的“替代方案”。

To assess whether this transition is materializing, AMBCrypto analyzed key blockchain data, tracking capital migration, staking trends, and whale positioning.

為了評估這種過渡是否實現，Ambcrypto分析了關鍵區塊鏈數據，跟踪資本遷移，樁趨勢和鯨魚定位。

Is TRX “structurally positioned” to outpace ADA, or have Cardano’s weakening fundamentals given it an edge?

TRX是“在結構上定位”以超過ADA，或者Cardano的基本原理削弱了它的優勢？

Comparative analysis revealed key insights

比較分析揭示了關鍵見解

On-chain analysis highlighted a stark divergence between Tron and Cardano. While Cardano’s network activity has deteriorated, TRON’s liquidity inflows remain robust, driven by stablecoin dominance.

鏈上分析強調了Tron和Cardano之間的差異。儘管Cardano的網絡活動惡化了，但TRON的流動性流入仍然強勁，這是由Stablecoin優勢驅動的。

A fresh $1 billion USDT mint on TRON reinforced its position as a settlement layer, potentially amplifying TRX’s staking demand and network utility.

Tron上的新鮮10億美元的造幣廠加強了其作為定居層的地位，可能會擴大TRX的堆放需求和網絡公用事業。

The contrast is evident in transaction metrics – TRON’s daily transactions surged 76.8% year-on-year to $9.1 million, whereas Cardano’s fell 38.8% to just 28.7k, reflecting sustained structural weakness.

交易指標中的對比很明顯 - TRON的每日交易飆升了76.8％，達到910萬美元，而Cardano的交易僅下降了38.8％至28.7萬，反映了持續的結構弱點。

Source: Artemis Terminal

資料來源：Artemis終端

However, TRON’s Total Value Locked (TVL) dipped by 9% to $7.3 billion, signaling that stablecoin dominance hasn’t driven DeFi expansion. Conversely, Cardano’s TVL climbed 17.4% YoY to $431 million – A sign of increasing DeFi adoption.

但是，Tron的總價值鎖定（TVL）下降了9％至73億美元，這表明Stablecoin的主導地位並沒有驅動Fefi擴展。相反，Cardano的TVL攀升了17.4％，達到4.31億美元，這是採用量增加的標誌。

Despite the DeFi lag, TRX’s trading volume soared 179.4% daily to $955.27 million, with sustained address growth – Indicating persistent market demand for the asset.

儘管存在滯後，但TRX的交易量飆升了179.4％，達到9.5527億美元，地址增長持續增長 - 表明對資產的市場需求持續。

This data underscores a critical shift – TRON’s structural advantage over Cardano isn’t merely a function of ADA’s deteriorating fundamentals.

這些數據強調了一個關鍵的轉變 - Tron比Cardano的結構優勢不僅僅是ADA不斷惡化的基本面的函數。

Instead, it’s a direct outcome of TRX’s expanding liquidity base, heightened settlement utility, and robust market positioning.

取而代之的是，這是TRX擴大的流動性基礎，增強的和解公用事業和強大的市場定位的直接結果。

Price action implications – ADA vs. TRX

價格動作含義 - ADA與TRX

The structural divergence between ADA and TRX is increasingly reflected in their price action. ADA closed Q1 with a 21% drawdown, while TRX exhibited relative strength, limiting losses to 8%.

ADA和TRX之間的結構差異越來越多地反映在其價格行動中。 ADA以21％的下降結束了Q1，而TRX表現出相對強度，將損失限制為8％。

More critically, ADA’s monthly performance highlighted persistent sell-side pressure, recording a steep 15.63% decline. On the contrary, TRX has defied broader macro headwinds, rallying by 7% over the same period.

更重要的是，ADA的每月表現強調了持續的賣方壓力，下降了15.63％。相反，TRX違反了更廣泛的宏觀逆風，同一時期升起了7％。

However, both assets share a similar post-election reversion. ADA remains 52% below its cycle high, while TRX follows closely with a 47% drawdown, indicating that a significant portion of network participants remain in an unrealized loss position.

但是，這兩種資產都有類似的選舉後回歸。 ADA仍然比其周期高52％，而TRX則緊隨其後的是47％，這表明很大一部分網絡參與者仍處於未實現的損失位置。

On-chain trends seemed to reinforce this divide. Cardano’s rising dormant coin activity highlighted potential capitulation risks as ADA breached key support thresholds. Meanwhile, TRX has maintained price stability within its $0.25–$0.20 accumulation range for over four months.

鏈上的趨勢似乎加劇了這一鴻溝。卡爾達諾（Cardano）上升的休眠硬幣活動強調了潛在的投降風險，因為ADA違反了關鍵支撐閾值。同時，TRX在四個月內保持價格穩定性在其0.25–0.20美元的累積範圍內。

Structurally, TRX presents a more favorable breakout setup, reinforcing its claim to the ninth spot in market capitalization rankings.

從結構上講，TRX提出了更有利的突破設置，從而加強了其在市值排名中第九位的主張。

If this trend persists, TRX could challenge the top eight, with its market cap eyeing a potential expansion beyond $24 billion.

如果這種趨勢持續存在，TRX可能會挑戰前八名，其市值的潛在擴張超過240億美元。