TRON TVL Tops $5.18B as Hyperliquid Hits $93 on Binance Listing
TRON (TRX)
Editor:
Eugene Serbin
Techbullion reports that Tron (TRX) is holding near $0.34 while its DeFi total value locked surpasses $5.18 billion, settling more USDT volume than Ethereum. The network recorded 3.88 million daily active addresses and moved $91.8 billion in USDT, compared to Ethereum’s $73.7 billion. Meanwhile, the Hyperliquid coin crossed $93 after a fresh Binance spot listing, trading just below its all-time high of $97.96.
Hyperliquid Strategies Inc. purchased $45.8 million worth of HYPE tokens, supporting the platform’s $7.43 billion total value locked and nearly $4.8 million in daily fees. Canary Capital also launched a Staked TRX ETF to expand regulated access for larger investors. Despite this underlying strength, the TRX price has struggled to translate stablecoin dominance into sustained upward momentum.
The article highlights these developments alongside BlockDAG’s 72-hour buyback window, where the direct price dropped to $0.000000005 and the buyback price rose to $0.05. Over $12 million has moved into BlockDAG, with cashouts scheduled to begin in November. The report notes that while TRX and Hyperliquid show genuine activity, BlockDAG’s lower entry and higher payout are drawing attention. Both networks are described as doing interesting things, though their charts continue to move independently of the broader hype.
How the market reacted
Whalio's own Binance spot order flow for TRX, measured when this story was written up on 25 September 2026. Not the outlet's figures.
Whalio spot data shows TRX trading at $0.3403 with a 1-hour buy ratio of 18.9% and a 4-hour buy ratio of 61.8%. The 1-hour volume delta is negative at -$1,187,262, indicating immediate selling pressure, while the 4-hour delta is positive at +$1,367,059, suggesting buying has accumulated over a slightly longer timeframe. The 24-hour buy ratio sits at 52.0% with a positive volume delta of +$1,484,438, confirming that net buying has outweighed selling over the full day. The cumulative volume delta for the 24-hour period closed at -$143,853, showing that despite the positive delta, the final market balance leaned slightly negative. Net buying occurred for 8 out of 24 hours, with total spot volume reaching $35,810,581 across 65,711 trades. This indicates that while buying pressure exists, it is not consistent throughout the entire day, with short-term flows showing mixed signals.
The latest daily buy ratio of 49.7% sits at the 33rd percentile of the last 322 days, against a median of 52.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TRX, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.6%, with the latest day showing a slight increase of 0.5 points. The 24-hour volume was 1.07x the weekly average, indicating a marginally higher than usual trading activity. Net buying was recorded for 4 out of 7 days, with an 8-day volume delta of +$4,400,138 and a price change of +1.6%. Compared to the 24-hour buy ratio of 52.0%, the weekly average of 51.6% suggests this is an ordinary day for the coin, with buying pressure remaining consistent with recent trends. The volume delta of +$1,484,438 over 24 hours is lower than the 8-day total of +$4,400,138, indicating that today’s buying intensity is in line with the weekly average rather than an unusual spike.