TRON Stablecoin Supply and Network Activity Hit Record Highs in Q2
TRON reached record levels of stablecoin supply and network activity in the second quarter of 2026, according to Messari, although its DeFi and decentralized exchange sectors continued to weaken.
The network ended the quarter with $87.9 billion in circulating USDT, surpassing Ethereum, and processed $2.1 trillion in USDT transfers. TRON’s total stablecoin supply rose 4.1% quarter over quarter to a record $89.2 billion, with USDT accounting for 98.5%.
Average daily transactions increased 8.7% to 11.8 million, while daily active addresses rose 11.7% to 3.6 million. Network fees climbed 15.9% to $699.4 million, reversing two consecutive quarters of decline.
However, DeFi total value locked fell 1.9% to $4.4 billion, and average daily DEX volume dropped 21.7% to $49.3 million—its fourth consecutive quarterly decline. TRX supply also remained inflationary as issuance continued to exceed token burns.
Institutional access expanded through tokenized funds, regulated trading products and new custody services. Securitize launched a Hamilton Lane credit fund on TRON, while Grayscale added TRX to its list of assets under consideration. $TRX
TRON reached record levels of stablecoin supply and network activity in the second quarter of 2026, according to Messari, although its DeFi and decentralized exchange sectors continued to weaken.
The network ended the quarter with $87.9 billion in circulating USDT, surpassing Ethereum, and processed $2.1 trillion in USDT transfers. TRON’s total stablecoin supply rose 4.1% quarter over quarter to a record $89.2 billion, with USDT accounting for 98.5%.
Average daily transactions increased 8.7% to 11.8 million, while daily active addresses rose 11.7% to 3.6 million. Network fees climbed 15.9% to $699.4 million, reversing two consecutive quarters of decline.
However, DeFi total value locked fell 1.9% to $4.4 billion, and average daily DEX volume dropped 21.7% to $49.3 million—its fourth consecutive quarterly decline. TRX supply also remained inflationary as issuance continued to exceed token burns.
Institutional access expanded through tokenized funds, regulated trading products and new custody services. Securitize launched a Hamilton Lane credit fund on TRON, while Grayscale added TRX to its list of assets under consideration. $TRX