- Market capitalization rose by 17% quarter-over-quarter (QoQ), reaching $26.5 billion, while its revenue surged 20.5% to approximately $915.9 million
- USDT constitutes 99.2% of the stablecoin supply on TRON
- TRON’s average daily transactions saw a 12.6% QoQ increase, rising from 7.7 million to 8.6 million
Messari released the State of TRON Q2 2025 report that reveals TRON’s massive growth in several key metrics. Market capitalization rose by 17% quarter-over-quarter (QoQ), reaching $26.5 billion, while its revenue surged 20.5% to approximately $915.9 million. Both figures represent multi-quarter highs.
Stablecoins remained fundamental to the network’s operations, with USDT constituting 99.2% of the stablecoin supply on TRON. Its market cap saw a 22.2% QoQ increase, reaching $80.3 billion. Furthermore, the average daily transfer volume for USDT grew by 11.6% QoQ, hitting $21.3 billion.
Also, TRON’s average daily transactions saw a 12.6% QoQ increase, rising from 7.7 million to 8.6 million, and daily active addresses expanded by 5.9% QoQ, moving from 2.4 million to 2.5 million.
Staking adoption got a boost as well, as the staking ratio reached 47.1% thanks to Stake 2.0 upgrades.
DeFi sector has mixed results
The ecosystem’s growth was also propelled by collaborations with partners such as SRM Entertainment, Privy, Stripe’s Bridge, and AEON Pay, among others, in addition to an expanded range of stablecoin options like USD1.
What wasn’t all roses, though, is the DeFi sector, considering that the report shows mixed results for the category. For instance, its Total Value Locked (TVL) saw a slight QoQ decrease of 0.8% to $4.6 billion, yet the network maintained its position as the fifth-largest by TVL.
In contrast, daily DEX volume went up by 25.2% QoQ, with SUN V3 accounting for almost three-quarters (74.1%) of that total.
TRON as a stablecoin powerhouse
Judging by the data, it looks like TRON is positioning itself as a leading stablecoin powerhouse within the crypto ecosystem. Its dominance in USDT transaction volume sets it apart from chains like Ethereum and Solana.
TRON’s model, which offers fast, low-cost transactions and high utility, is increasingly attractive to users and dApp developers. Plus, public listing and traditional finance integrations elevate its profile among institutional investors, too.
As things stand now, it seems that TRON is becoming one of the most compelling Layer‑1 ecosystems in 2025.
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