TRON Q2 2025 Revenue Jumps 20.5% to $915.9M as Market Cap Hits $26.5B on Stablecoin Growth and Deflationary Supply

TRON Inc. (Nasdaq: TRON) reported robust financial and operational performance in Q2 2025, with revenue and market capitalization hitting multi-quarter highs. The company’s revenue surged 20.5% quarter-over-quarter (QoQ) to $915.9 million, driven by strong institutional interest and ecosystem growth. Concurrently, TRON’s market cap rose 17% QoQ to $26.5 billion, reflecting renewed confidence in the blockchain platform. The results were announced alongside a ceremonial visit to the Nasdaq MarketSite, where founder Justin Sun rang the opening bell, marking a strategic milestone for the company [1].

The Q2 report also highlighted deflationary trends in TRX supply, with circulating tokens decreasing from 95.0 billion to 94.8 billion. This represents an annualized inflation rate of -1.8%, signaling sustained pressure on token supply despite a slight increase from Q1’s -1.6%. Network activity mirrored this momentum, with daily transactions rising 12.6% QoQ to 8.6 million and active addresses climbing 5.9% QoQ to 2.5 million. These metrics underscore growing user engagement and the platform’s scalability [1].

Stablecoin dominance remained a key driver of TRON’s growth. The blockchain’s stablecoin market cap jumped 22.2% QoQ to $80.9 billion, with Tether (USDT) accounting for 99.2% of the supply. By quarter-end, TRON hosted 50.6% of all USDT in circulation, a 22.2% QoQ increase. This dominance reinforced TRON’s role as the leading infrastructure for stablecoin activity, despite broader crypto market volatility [1].

TRX’s price performance aligned with the positive fundamentals. The token traded at $0.3163 as of the latest 8-hour chart, maintaining support above the 50-day, 100-day, and 200-day moving averages. Analysts noted that a breakout above the $0.32–$0.325 range could retest the $0.34 local high, while a decline below the $0.30 level would signal a bearish shift. The current consolidation suggests strong buyer interest in short-term support zones [1].

The report’s resilience contrasts with broader altcoin trends. While XRP and SOL faced double-digit declines during the same period, TRON outperformed peers, leveraging its stablecoin integration and operational efficiency. However, the platform experienced a $136 million decline in total value locked (TVL) in July, coinciding with a 2% TRX price drop. Analysts attribute this to temporary liquidity shifts rather than structural weaknesses, citing robust revenue and market cap growth as indicators of long-term stability [1][3].

TRON’s Q2 results position it as a key player in the blockchain sector, combining deflationary tokenomics, network expansion, and institutional adoption. The platform’s focus on scalable infrastructure and stablecoin utility has enabled it to capitalize on macroeconomic tailwinds, even as crypto markets remain fragmented. With multi-quarter highs in revenue and market cap, TRON appears well-equipped to sustain momentum as institutional demand for blockchain solutions accelerates [1][2].

Source: [1] Messari, State of TRON Q2 2025, [https://messari.io/report/state-of-tron-q2-2025]

[2] Invezz, Blockchain Technology News, [https://invezz.com/news/cryptocurrency/blockchain/]

[3] Coinbase, TRON Price, TRX Price, Live Charts, [https://www.coinbase.com/price/tron]

[4] CoinDesk, Altcoin Season Hope Dim, [https://www.coindesk.com/daybook-us/2025/07/24/altcoin-season-hope-dim-as-traders-unwind-bullish-bets-crypto-daybook-americas]