TRON handled $2.08 trillion worth of stablecoin settlements in the second quarter of 2026, putting the network’s growing role in stablecoin transfers into focus. Activity on the blockchain continued to rise during the quarter, with 1.1 billion transactions recorded between April and June, according to data highlighted by Onchain Lens. Stablecoin supply on TRON reached $89 billion, while the network averaged more than 4.2 million daily active addresses. Much of that activity is tied to USDT, which remains the dominant stablecoin on TRON. The network also reported increases in nodes, total value locked and developer activity during the quarter. Taken together, the figures show a network where stablecoin transfers remain the main source of activity, while usage and development continue to grow around it.
Stablecoins Remain At The Center Of TRON Activity
Stablecoins accounted for much of the activity on TRON during Q2. The network reported $89 billion in stablecoin supply and $2.08 trillion in settlement volume for the quarter, with settlement activity rising 6.12% from Q1, according to the TRON DAO Q2 2026 quarterly report.
The distinction between supply and settlement volume is important. The $89 billion figure represents stablecoins held on the network, while the $2.08 trillion figure measures the value transferred during the quarter. The amount of stablecoins circulating on TRON was much smaller than the total value transferred through the network over the three-month period. USDT remains the main asset behind this activity. CoinDesk Research reported that USDT supply on TRON reached about $89 billion during Q2, giving the network more than 47% of the total USDT market. The same research found that about 93% of TRON’s stablecoin transfer volume was peer-to-peer in June, the highest share among the chains it tracked.
That data helps explain why stablecoin transfers are central to TRON’s activity. Rather than relying mainly on decentralized exchange trading or other DeFi transactions, a large portion of the network’s stablecoin volume comes from transfers between addresses. Transaction activity also reached a new level. TRON recorded 1.1 billion transactions during Q2, while Token Terminal data cited by Binance showed the network averaging 137 transactions per second. Monthly transaction counts increased from about 313 million in April to 386 million in June, making June the network’s busiest month on record.
Network Activity, Liquidity And Development Also Increased
TRON reported gains across several other measures. The network had 16.4 million active addresses during Q2, with an average of more than 4.2 million daily active addresses and roughly 190,000 new addresses added each day, according to the Onchain Lens post.
TRON also reported 8,291 nodes, an 18% increase from the previous quarter. Developer activity increased as well, with 10,200 unique contract deployers and 561 code commits, the latter up 82% quarter over quarter. The network’s quarterly report attributes part of the ecosystem’s development activity to lower smart-contract deployment costs following Proposal 104. The TRON DAO report also recorded $722 million in protocol revenue during Q2. Liquidity was another area of growth. TRON reported $28.15 billion in total value locked, up 8.27% from $26 billion in Q1. TRON DAO’s published Q2 figures also put the increase at 16.9% year over year.
However, TVL figures should be read with some care because different data providers use different methodologies. CoinDesk Research, for example, reported TRON DeFi TVL at about $4.5 billion when measuring its DeFi segment. That difference means the $28.15 billion figure is best presented as TRON’s reported TVL rather than as an industry-wide standardized figure. The network’s growth has continued into Q3. Onchain Lens said TRON had already processed $1.63 trillion in stablecoin settlements during Q3 at the time of its post. That figure should not be directly compared with the full $2.08 trillion Q2 total without accounting for how much of Q3 had elapsed. The Q2 data shows TRON’s strongest activity continues to be tied to stablecoins, particularly USDT transfers. Rising transaction counts, stablecoin supply and address activity suggest that this use case remains a central part of the network’s role in on-chain value transfers.
