Protocol Research: TRON Network

With over 10 billion transactions processed, 30% of global stablecoin market capitalization, and 50% of all USDT supply, TRON has established itself as a key player in global peer-to-peer payments. This report evaluates TRON's strategic positioning in the evolving blockchain landscape.

Updated Sep 30, 2025, 11:49 a.m. Published Jul 30, 2025, 3:00 p.m.
Featured Protocol Research: Tron Network

What to know:

• Stablecoin Infrastructure: TRON commands over 30% of global stablecoin market capitalization, maintains 50% of all USDT supply, and sees over 60% of its USDT transactions as small-value transfers under $1,000.

• Growing Network Activity: The network has processed over 10 billion transactions since launch, adds 2.3 million new wallets daily (second only to Solana), and generates approximately $1.4 million in daily fees.

• Financial Inclusion Focus: TRON's technical architecture — featuring up to 2,000 TPS, 3-second block times, and negligible transaction costs — has resulted in strong usage across Latin America, Asia, and Africa for peer-to-peer transfers.

Launched in 2018, TRON is an EVM-compatible Layer-1 protocol focused on financial inclusion and serving as a global liquidity rail. It uses a bandwidth and energy system for largely fee-free transactions, and its DPoS consensus, managed by 27 Super Representatives, enables high transaction throughput (up to 2000 TPS).

Since its mainnet launch, TRON has processed over 10B transactions, with over 70% being direct peer-to-peer transfers, and facilitated over $15T in stablecoin transactions. As of July 2025, the network has over 320M accounts and adds 2.3M wallets daily, making it a top chain for new wallet creation. TRON accounts for over 30% of global stablecoin market capitalization, highlighting its role in stablecoin settlements, especially for lower-value transfers (around 60% of its USDT transactions are under $1000).

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TRON Stablecoin Market Share

TRON’s ecosystem includes leading DeFi platforms like JustLend (lending) and SunSwap (DEX), which account for over 90% of the chain's $5.5B TVL. TRON is also developing a Bitcoin Layer-2 solution and integrating with Real-World Asset (RWA) platforms. While its on-chain activity and stablecoin dominance continue to grow, TRON’s long-term impact depends on sustaining application-layer growth and expanding strategic integrations within a competitive blockchain environment.