TRON sets records for stablecoin supply and transaction volume in Q2

Tron recorded multiple records during the second quarter, with circulating USDT reaching $87.9 billion and surpassing Ethereum's stablecoin supply. The network processed $2.1 trillion in USDT transfers during the period, while USDT represented 98.5% of Tron's total stablecoin market, which grew 4.1% quarter-over-quarter to $89.2 billion.

Network activity accelerated substantially. Tron averaged 11.8 million daily transactions, up 8.7%, and 3.6 million daily active addresses, up 11.7%. The network achieved a record 14.6 million transactions on a single day in mid-June. Average daily USDT transfer volume returned to growth at $22.8 billion, rising 4.3% after declining in the first quarter.

Network fee revenue climbed 15.9% to $699.4 million, marking the first quarterly increase since August 2025 following a governance change that reduced the energy unit price. However, growth proved uneven elsewhere: decentralized finance total value locked slipped 1.9% to $4.4 billion, while average daily decentralized exchange volume fell 21.7% to $49.3 million, extending a four-quarter decline. Tron's native token supply continued expanding despite the activity surge, increasing by 87 million tokens as issuance outpaced burns.

Institutional adoption expanded during the quarter. Securitize launched Hamilton Lane's tokenized Senior Credit Opportunities Fund on Tron with approximately $4.3 million under management. Grayscale added TRX to its list of assets under consideration, while expanded market access followed, with Bitnomial launching spot TRX trading in the United States and Binance.US restoring the token to its platform.