Tron (TRX) had a strong second quarter of 2025, solidifying its position as the dominant network for USDT, the world’s largest stablecoin. A new report from Messari reveals that more than 50% of all Tether (USDT) in circulation is now issued on the Tron blockchain, a milestone that highlights the network’s efficiency and adoption in the stablecoin economy.
TRX Market Cap and Revenue Post Strong Quarterly Growth
Tron’s native token, TRX, saw its circulating market capitalization rise by 17% to $26.5 billion in Q2, while the network’s quarterly revenue surged 20.5%, climbing from $760.2 million to $915.9 million. TRX’s total revenue in token terms also increased 9.8% to $3.5 billion — its first quarter of revenue growth in the past six months.
This growth points to increasing adoption and usage across DeFi, payments, and enterprise stablecoin operations.
User Activity and Network Metrics Strengthen
Messari’s report detailed key usage stats:
- Daily average transactions jumped 12.6%, reaching 8.6 million.
- Daily active addresses grew 5.9% to 2.5 million.
- New addresses rose 16.6%, with nearly 200,000 being added each day.
Roughly 8% of active users were newly onboarded wallets, indicating healthy organic growth.
Centralization Concerns vs. Governance Growth
While only 27 Super Representatives (SRs) currently secure the network, there are 393 SR candidates, suggesting a broader push toward decentralization. No SR controls more than 10% of voting power — with Poloniex leading at 6.97% — helping allay fears of central control.
Still, the report flags node concentration in the U.S. (21%) as a potential geopolitical risk tied to regulation and infrastructure dependency.
Staking and Stablecoin Metrics Impress
Tron’s staking volume rose 3.8% QoQ to 44.7 billion TRX, with its staking ratio jumping 47.1%. On the stablecoin front, total value rose 22.2% to $80.9 billion — with USDT making up 99.2% of Tron’s stablecoin supply.
Tron now ranks seventh among PoS networks by dollar value staked, down just one spot from last quarter.
Innovation Fund and Ecosystem Upgrades Ahead
Looking forward, Tron plans to inject $100 million into AI development, alongside a $10 million builder fund and a pipeline of technical upgrades. These moves suggest a clear roadmap for scaling ecosystem growth and developer engagement through the rest of 2025.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.