TRON has solidified its position as a leading global stablecoin network, closing 2025 with a total stablecoin supply of approximately $81.8 billion, according to a year-end review by Messari. The vast majority of this supply, roughly $80.9 billion, is comprised of Tether's USDT, cementing TRON's role as a primary blockchain for dollar-pegged transactions worldwide.
Network founder Justin Sun has expressed strong confidence in TRON's trajectory for 2026, suggesting the momentum built on real-world usage will accelerate. In recent statements, Sun framed TRON not as a hype-driven platform but as foundational infrastructure for crypto payments, a vision supported by the network's low fees and fast settlement times which are critical for high-volume transfers in various regions.
Messari's data reveals consistent, high-volume usage beyond mere speculation. Average daily USDT transfer volume on TRON reached about $23.8 billion toward the end of 2025, indicating sustained activity for payments and settlements. Core network metrics also showed robust growth, with significant year-on-year increases in daily active addresses and transaction counts. The network even generated over $1 billion in revenue in a single quarter, highlighting its substantial economic impact.
Interestingly, this growth is diverging from broader DeFi trends. While stablecoin activity and core network usage surged, Messari noted declines in TRON's DeFi total value locked (TVL) and decentralized exchange volumes. This suggests the network's current expansion cycle is being driven more by payments and transfers than by speculative financial applications, setting it apart from many other layer-one blockchains.
Despite these strong fundamentals, TRX price action has been more subdued. The token has consolidated around the $0.30 level after reaching local highs, with technical indicators like RSI and MACD showing weaker short-term momentum. This apparent decoupling underscores the narrative that TRON's value proposition is increasingly tied to its utility as a global settlement layer rather than short-term price volatility.
