TRON Reaches $90B+ USDT on the Network, $887M+ in Crypto Card Volume in Q2, CoinDesk Data and CryptoQuant
Geneva, Switzerland, July 25, 2026 — CoinDesk Data and CryptoQuant have released reports highlighting TRON’s network performance in Q2 and H1 2026. The analyses show TRON’s continued dominance in stablecoin settlement and protocol revenue, as well as its emergence as infrastructure for applications, payments, and the agentic economy.
CoinDesk’s report notes growth in regulated U.S. market access through Bitnomial, tokenized private credit with Securitize and Hamilton Lane, and interoperability across over 150 blockchains. Daily active users on TRON averaged 3.5 million in Q2 2026, up from 3.2 million in Q1. Approximately 93% of TRON’s stablecoin transfer volume was peer-to-peer, the highest share of any tracked chain. TRON’s share of total stablecoin market cap rose to 28.7% (from 27.3% in March), with USDT on the network reaching an all-time high of $89 billion in Q2 (currently $90 billion), representing 47% of total USDT dominance. TRON’s share of sub-$1,000 USDT transfers among native-issuance chains climbed from 43% to 52%. Crypto payment card volumes grew from $2.0 billion in Q1 to $2.4 billion in Q2, with TRON’s share rising to 34% (from 33%), the highest of any chain tracked, totaling approximately $887 million.
CryptoQuant’s report highlights TRON’s evolution beyond peer-to-peer and remittance activity to enterprise applications, developer infrastructure, and agentic AI. GasFree, which lets users transfer USDT without holding TRX for fees, saw weekly volume reach $2.9 billion by late June 2026, up from a 2025 peak of $1.9 billion, hitting a record $3.0 billion in early May 2026. The average fee was $1.5 on a $16.3K average transfer, an effective rate of 0.009%. Rhino.fi, integrated with Wirex, channels TRON’s USDT across 30+ networks, with weekly USDT volume from TRON jumping from roughly $1 million to a record $48 million by mid-June 2026. Facilitators including B.AI, MERX, Oobit, and dTelecom are deploying x402-based rails and USDT liquidity for machine-to-machine payments for AI agents.
TRON DAO is a community-governed DAO dedicated to decentralizing the internet via blockchain. As of July 2026, TRON has recorded over 394 million total user accounts, more than 14 billion total transactions, and over $26 billion in total value locked (TVL).