Solana News Today: TRON Q2 Revenue Surges 41% to $1 Billion on Institutional Adoption and USDT Growth

TRON demonstrated sustained growth in key performance indicators during the first half of 2025, with on-chain activity, stablecoin dominance, and institutional adoption reinforcing its position as a leading blockchain network. Transaction volume and active addresses reached near-record levels, while revenue surged to an all-time high of nearly $1 billion in Q2. The network’s USDT supply expanded by 41% year-on-year to 81.2 billion, consolidating its role as the primary infrastructure for stablecoin activity. These metrics highlight TRON’s ability to balance high throughput with financial resilience, even amid broader market volatility.

The first half saw the onboarding of major institutions as Super Representatives, including Kiln, Nansen, P2P.org, and Kraken, enhancing governance and decentralization [1]. This institutional backing, coupled with partnerships with platforms like AEON Pay, Bridge.xyz, and Chainlink, expanded TRON’s utility across Web3 sectors, including payments and data infrastructure. The integration of USD1, a new stablecoin from World Liberty Financial, further diversified TRON’s stablecoin offerings, potentially attracting additional liquidity and user adoption.

On-chain metrics underscored the network’s momentum. TRON recorded 784 million transactions in Q2 2025, the second-highest quarter in its history, trailing only Q1 2023. It ranked among the top five blockchains for transaction volume, outpacing BNB Chain, Near, and Sui. Revenue generation also accelerated, with quarterly fees reaching $1 billion, driven by high transaction volumes and efficient value capture. Notably, TRON led in revenue burning during H1 2025, surpassing Ethereum and Solana by over $319 million, a reflection of its robust financial model [2].

User activity remained resilient, with monthly active addresses rebounding to their highest level in over a year by May 2025. TRON secured third place in average daily active addresses during H1 2025, behind Solana and Near. This performance highlighted its competitive edge in user retention, even as Solana and other rivals gained traction. The network’s dominance in USDT activity further solidified its utility, as the stablecoin’s supply on TRON grew to 81.2 billion, representing 41% year-on-year growth. TRON ranked third in total stablecoin transfer volume, trailing only Base and Ethereum, and outpaced Solana, BNB Chain, and Polygon in this category [3].

Despite these strengths, TRON faced challenges in its DeFi sector, where total value locked (TVL) declined by 33% to $5 billion since early 2025. The launch of USDD 2.0 in January 2025 aimed to address these issues by introducing a decentralized governance model, allowing users to mint the stablecoin via TRX and USDT deposits. This shift reduced reliance on centralized custodians, enhancing transparency and trust. However, TRON’s TVL rankings slipped to fifth globally, reflecting broader capital outflows and intensified competition from Ethereum, Solana, and BNB Chain.

Looking ahead, TRON’s strategic focus on stablecoin infrastructure positions it to benefit from potential regulatory clarity in the U.S., such as the proposed GENIUS Act. As the leading network for USDT issuance, TRON is well-placed to capture increased demand for digital dollar transactions. Strengthening DeFi integrations and cross-chain compatibility will be critical to sustaining its growth trajectory.

Source: [1] [title1] [url1](https://coinmarketcap.com/community/articles/68836f622fb07463b9e4383c/)

[2] [title2] [url2](https://coinmarketcap.com/community/articles/68836f622fb07463b9e4383c/)

[3] [title3] [url3](https://coinmarketcap.com/community/articles/68836f622fb07463b9e4383c/)