TRON USDT supply hits $87.9B as transfers reach $2.1T in Q2: Messari

Messari reported that TRON recorded all-time highs in stablecoin supply and network activity during the second quarter, while DeFi and decentralized exchange activity declined.

TRON, the layer-1 blockchain founded by Justin Sun, ended the second quarter with $87.9 billion in circulating USDT (USDT), surpassing Ethereum (ETH) while processing $2.1 trillion in USDT transfers during the period.

According to a Messari report, USDT accounted for 98.5% of TRON’s stablecoin market, which grew 4.1% quarter-over-quarter to a record $89.2 billion. Average daily USDT transfer volume also returned to growth, rising 4.3% to $22.8 billion after declining in the first quarter.

The increase coincided with record network usage. TRON averaged 11.8 million daily transactions during the quarter, up 8.7%, while average daily active addresses climbed 11.7% to 3.6 million. The network processed a record 14.6 million transactions on June 15, the report said.