TRON [TRX]超过Cardano [ADA]，因为链数据揭示了其网络活动的结构弱点

TRX和ADA在市值排名中排名第9位的比赛中被锁定。但是，Cardano的延长合并低于1美元，这引起了人们对维护投资者信心的能力的担忧。

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]争夺加密货币层次结构的统治地位。由于TRX和ADA紧密参与了市值排名第九位的战斗，因此这种竞争动态的另一个角度正在出现。

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

尽管TRX和ADA都在第一季度都遇到困难，但它们的恢复轨迹显着差异。

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

随着Cardano的长时间合并低于1美元，人们对其从长远来看保持投资者信心的能力引起了人们的关注。

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.

实际上，链上数据显示ADA网络活动中的结构弱点。每日活跃地址同比签约30.3％，而收费的产量低于选举前的水平，仅为$ 8.1K。

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

这些恶化的指标暗示了需求的减少，有可能将资本旋转向Tron旋转，以此作为更具弹性的“替代方案”。

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

为了评估这种过渡是否实现，Ambcrypto分析了关键区块链数据，跟踪资本迁移，桩趋势和鲸鱼定位。

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

TRX是“在结构上定位”以超过ADA，或者Cardano的基本原理削弱了它的优势？

Comparative analysis revealed key insights

比较分析揭示了关键见解

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.

链上分析强调了Tron和Cardano之间的差异。尽管Cardano的网络活动恶化了，但TRON的流动性流入仍然强劲，这是由Stablecoin优势驱动的。

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上的新鲜10亿美元的造币厂加强了其作为定居层的地位，可能会扩大TRX的堆放需求和网络公用事业。

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.

交易指标中的对比很明显 - TRON的每日交易飙升了76.8％，达到910万美元，而Cardano的交易仅下降了38.8％至28.7万，反映了持续的结构弱点。

Source: Artemis Terminal

资料来源：Artemis终端

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的总价值锁定（TVL）下降了9％至73亿美元，这表明Stablecoin的主导地位并没有驱动Fefi扩展。相反，Cardano的TVL攀升了17.4％，达到4.31亿美元，这是采用量增加的标志。

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.

尽管存在滞后，但TRX的交易量飙升了179.4％，达到9.5527亿美元，地址增长持续增长 - 表明对资产的市场需求持续。

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

这些数据强调了一个关键的转变 - Tron比Cardano的结构优势不仅仅是ADA不断恶化的基本面的函数。

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，这是TRX扩大的流动性基础，增强的和解公用事业和强大的市场定位的直接结果。

Price action implications – ADA vs. TRX

价格动作含义 - ADA与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之间的结构差异越来越多地反映在其价格行动中。 ADA以21％的下降结束了Q1，而TRX表现出相对强度，将损失限制为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的每月表现强调了持续的卖方压力，下降了15.63％。相反，TRX违反了更广泛的宏观逆风，同一时期升起了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，这两种资产都有类似的选举后回归。 ADA仍然比其周期高52％，而TRX则紧随其后的是47％，这表明很大一部分网络参与者仍处于未实现的损失位置。

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.

链上的趋势似乎加剧了这一鸿沟。卡尔达诺（Cardano）上升的休眠硬币活动强调了潜在的投降风险，因为ADA违反了关键支撑阈值。同时，TRX在四个月内保持价格稳定性在其0.25–0.20美元的累积范围内。

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

从结构上讲，TRX提出了更有利的突破设置，从而加强了其在市值排名中第九位的主张。

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

如果这种趋势持续存在，TRX可能会挑战前八名，其市值的潜在扩张超过240亿美元。