TRON Dominates H1 2025 with $916M Revenue & $81B USDT Supply – CryptoRank, Messari, Nansen Validate

TRON just flexed its muscles—and the crypto industry took notes. Three heavyweight analysts (CryptoRank, Messari, and Nansen) confirmed what chain metrics already screamed: this network isn’t just surviving, it’s printing money. $916 million in revenue? An $81 billion USDT supply? Those aren’t typos—they’re battle scars from a blockchain eating traditional finance’s lunch.

The Revenue Machine

Let’s talk numbers. Halfway through 2025, TRON’s revenue hit $916M. That’s not ‘growth’—that’s a full-scale assault on legacy payment rails. No banks, no paperwork, just a decentralized cash cannon firing nonstop.

USDT’s Playground

$81 billion in USDT now calls TRON home. Forget ‘stablecoin adoption’—this is a hostile takeover. TradFi’s SWIFT system moves that much money… in three days. TRON does it 24/7, without asking permission.

Analysts Take Notice

When CryptoRank, Messari, and Nansen all nod in unison, institutions listen. Their H1 reports didn’t just validate TRON—they framed it as the anti-bank. No surprise—after all, why pay overdraft fees when code executes for pennies?

The Bottom Line

TRON’s H1 performance reads like a VC pitch deck: monster revenue, dominant stablecoin share, and institutional credibility. Meanwhile, Wall Street still charges $25 wire transfer fees. The future’s here—it just doesn’t need a suit.

CryptoRank

TRON H1 2025: Consistent Growth Across Key Fundamental Metrics provides an in-depth assessment of TRON’s performance, revealing the blockchain’s sustained momentum across critical operational metrics and its strong position in the competitive LAYER 1 landscape.

Key Insights from CryptoRank:

• USDT Dominance Expands: USDT supply on TRON surged 41% to 81.2 billion, reinforcing the network’s position as the primary infrastructure and preferred settlement layer for stablecoin transactions. 

• Top-Tier User Activity: TRON ranked top 3 among all blockchains in average daily active addresses during H1 2025.
• Revenue Leadership: TRON achieved nearly $1 billion in quarterly revenue by Q2 2025, representing the network’s highest revenue to date. TRON led all blockchain platforms in revenue burn during H1 2025, with nearly $319 million — significantly surpassing Ethereum and Solana — highlighting its unmatched economic activity and deflationary token model.

Read the full report from CryptoRank here.

Messari

State of tron Q2 2025 delivered a comprehensive quarterly analysis highlighting TRON’s performance, technical developments, and ecosystem expansion, confirming the network’s multi-faceted growth trajectory.

Key Insights from Messari:

• Ecosystem Activity: Ecosystem momentum was fueled by collaborations with Privy and Bridge (both Stripe companies), AEON Pay, and others, alongside expanded stablecoin offerings like USD1.

• Sustained Growth and Rising User Activity: Daily average transactions increased 12.6% QoQ from 7.7 million to 8.6 million, and daily active addresses grew 5.9% QoQ from 2.4 million to 2.5 million. Average daily new addresses increased in Q2, up 16.6% QoQ from 170,870 to 199,194.
• Stablecoin Activity Steadily Trending Up: The second-largest stablecoin on TRON, USDD, was up 71.2% QoQ from $252.8 million to $432.8 million. USDD reached a milestone of over 409,000 accounts (+269,000 holders in Q2) that hold the stablecoin.

Read the full report from Messari here. 

Nansen

TRON Quarterly Report – Q2 2025 highlights robust performance and continued ecosystem growth across DeFi, enterprise and global adoption on TRON. 

Key Insights from Nansen:

• During the first half of 2025, the TRON network saw a dominant share of its user activity and transaction throughput driven by centralized exchanges such as Bybit, Binance, OKX, and KuCoin, collectively contributing to a significant portion of network usage, underscoring TRON’s deep integration into global trading platforms.

• Canary Capital filed a proposal with U.S. regulators for a TRON ETF that includes native staking rewards, a first-of-its-kind structure in traditional finance. The fund would offer institutional exposure to TRX while enabling passive income via on-chain staking, bridging digital asset yields with regulated investment products.

• DeFi activity remained strong, led by platforms like SunSwap and JustLend, while new integrations with Chainlink oracles brought greater composability and risk management to TRON-based protocols.

Read the full report from Nansen here.

CryptoRank, Messari, and Nansen recognized TRON for its leading role in the blockchain space, particularly as a core infrastructure for stablecoins. Its dominance in USDT issuance, transaction volume, daily user activity, and growing institutional interest underscores its position as a key player in global digital finance. With steady ecosystem growth and expanding utility across DeFi and cross-border payments, TRON is well-positioned to sustain its momentum as a foundational force in the evolving digital economy.

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 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin, exceeding $82 billion. As of August 2025, the TRON blockchain has recorded over 323 million in total user accounts, more than 11 billion in total transactions, and over $26 billion in total value locked (TVL), based on TRONSCAN.

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