TRON Reaches $90B+ USDT on the Network, $887M+ in Crypto Card Volume in Q2, CoinDesk Data and CryptoQuant

Geneva, Switzerland, July 24, 2026 — CoinDesk Data and CryptoQuant, leading platforms in blockchain research and analytics, have released comprehensive reports highlighting the TRON network’s performance throughout the second quarter and first half of 2026, respectively. These independent analyses point to TRON’s continued dominance in global stablecoin settlement and protocol revenue, alongside its emergence as a broader infrastructure layer for applications, business payments, and the agentic economy, cementing its role as critical infrastructure for digital finance.

CoinDesk 

CoinDesk’s TRON Network Quarterly Report: Q2 2026 highlights continued expansion across the TRON ecosystem, including regulated U.S. market access through Bitnomial, tokenized private credit initiatives with Securitize and Hamilton Lane, and interoperability integrations spanning more than 150 blockchain networks. The report also notes TRON’s growing role in agentic AI through B.AI, deBridge’s Model Context Protocol (MCP) server, and membership in the Agentic AI Foundation, while highlighting its relative strength during the quarter, underscoring the network’s resilience.

Key Insights from CoinDesk:

• User Growth & Peer-to-Peer Activity: Daily active users on TRON averaged 3.5 million in Q2 2026, up from 3.2 million in Q1. As of June 30, approximately 93% of TRON’s stablecoin transfer volume was peer-to-peer, the highest share of any tracked chain.
• Stablecoin Market Share & USDT Growth: TRON’s share of total stablecoin market capitalization rose to 28.7% (from 27.3% in March), with USDT on the network reaching an all-time high of just over $89 billion in Q2 (currently $90B), representing 47% of total USDT dominance. TRON’s share of sub-$1,000 USDT transfers among native-issuance chains also climbed from 43% to 52%.
• Crypto-Card Dominance: Crypto payment card volumes grew from $2.0B in Q1 2026 to $2.4B in Q2 2026. Over the same period, TRON’s share of crypto-card volume also rose to 34% (from 33%), the highest of any chain tracked, totaling approximately $887 million.

Read the full report from CoinDesk here.

CryptoQuant
CryptoQuant’s Beyond P2P: How TRON Is Becoming an Infrastructure Layer for Apps, Businesses & the Agentic Economy highlights the continued evolution of the TRON ecosystem, citing growing adoption of fee-abstracted transaction infrastructure, cross-chain liquidity routing, and machine-to-machine payment capabilities. The report notes that TRON’s established role in peer-to-peer and remittance activity is expanding to encompass enterprise applications, developer infrastructure, and emerging agentic AI use cases.

Key Insights from CryptoQuant:

• Gas-Free Infrastructure Scaling Rapidly: GasFree, an initiative built on TRON that lets users transfer USDT without holding TRX to cover gas fees, saw weekly transfer volume climb to $2.9 billion by the last week of June 2026, up from a 2025 peak of $1.9 billion and hitting a record $3.0 billion in early May 2026. The model remains affordable and stable, with an average fee of $1.5 on a $16.3K average transfer, an effective rate of just 0.009%.
• Cross-Chain Liquidity Powering Real Businesses: Rhino.fi, a cross-chain liquidity service integrated with payment platform Wirex, channels TRON’s USDT across 30+ networks, converting deposits into spendable balances in under 10 seconds. Rhino’s weekly USDT volume from TRON jumped from roughly $1 million to a record $48 million by mid-June 2026, with average transfer size rising to $24,000. 
• TRON Powers the Agentic Economy: Facilitators including B.AI, MERX, Oobit, and dTelecom are deploying x402-based rails and USDT liquidity to settle machine-to-machine payments for AI agents. B.AI deposit activity has accelerated since April 2026, signaling early momentum for agent-driven demand on TRON.
  

Read the full report from CryptoQuant here.

Together, these independent reports underscore TRON’s evolution beyond its leadership in peer-to-peer stablecoin transfers into a foundational infrastructure layer for global digital finance. As adoption expands across consumer payments, business settlement, cross-chain liquidity, and emerging AI-native applications, the network demonstrates how scalable blockchain infrastructure can support real-world economic activity at a global scale. By delivering efficient and accessible blockchain solutions, TRON is helping advance the next generation of decentralized technologies.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $90 billion. As of July 2026, the TRON blockchain has recorded over 394 million in total user accounts, more than 14 billion in total transactions, and over $26 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”

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Yeweon Park

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