TRON’s USDT supply rose to $87.9 billion in the second quarter, while transfers on the network reached $2.1 trillion, according to Messari. The firm said the figures marked all-time highs for stablecoin supply and network activity on TRON.
The data matters because stablecoins remain one of the most closely watched use cases in crypto, particularly for payments, transfers and liquidity movement across blockchain networks. TRON’s latest figures suggest its role in stablecoin activity continued to expand during the quarter.
Messari’s report also showed a more mixed picture across the broader ecosystem. While stablecoin supply and transfer activity reached new highs, DeFi activity and decentralized exchange activity on TRON declined in the same period.
That divergence highlights how network usage can grow in one area while other onchain sectors soften. In TRON’s case, the second-quarter activity described by Messari was led by stablecoin movement rather than a broad increase across every category.
The report positions TRON as a major venue for USDT activity, but it does not frame the quarterly results as uniformly positive. Strong stablecoin metrics came alongside weaker DeFi and DEX performance, giving readers a more balanced view of the network’s Q2 activity.