TRX Coin is a very old platform where big investors have invested their money. And after every bitcoin halving, all altcoins rise in price as the price of bitcoin rises. So far, the market has remained loyal to investors for a long time. Tron platform has many advantages, transactions on this platform are completed at very low cost, so Tron platform is most popular among investors.
Just yesterday, UDSC company Circle has announced to delist their stablecoin from the blockchain which means there is going to be a decrease in the number of users on the chain and there will also be decrease in the number of fees generated because using these stablecoins generate a lot of fees especially when the chain is congested, I still don't know the main reason reason why they are delisting but they say precautions.
Tron founder has played a lot of people in Tron foundation and it has lost its trust from people and institutional investors, it will take a lot of effort to come back the way they were in the early 2019 and 2020.