The Tron ecosystem ranks second after Ethereum in terms of supply of the largest stablecoin USDT.
- The growth of targeted activity in the TRX blockchain was the result of interest in the USDT dollar token.
- It is used not only as a tool for acquiring bitcoin and altcoins, but can also be used as a means of payment for goods and services anywhere in the world.
Source: CryptoQuant
According to the CryptoQuant platform, the average daily number of active addresses on the Tron network this week exceeded 5 million. Moreover, the number of a variety of wallet groups is increasing – from small to large.
The MEXC exchange in March 2024 announced the termination of support for the USDC stablecoin on the Tron network.
The press service stressed that users will no longer be able to place deposits with USDC on Tron.
But this decision will not affect the work of the trading platform, since USDT remains the main dollar token for operations.
Source: MEXC
The network’s underlying asset, altcoin TRX, is trading on MEXC at $0.303 this week.
The coin in mid-January reached $0317, but in the second half of this month began to take positions amid a general outflow of capital from shares of IT companies and digital assets.
The main theses:
- Tron is included in the list of the largest blockchains and was the most successful in December-January.
- The TRX coin is now under pressure, but in the case of capital inflows into risky assets, it can quickly restore lost positions.
- An important factor stimulating targeted activity in the blockchain is the behavior of USDT wallets. The growth of stablecoin turnover creates conditions for the gradual strengthening of the TRX rate, the MEXC Research team notes.
Tron turned out to be one of the most alive blockchains in 2025
Last year, Tron was among the most popular first-tier (L1) blockchains.
According to CryptoRank, the network ranked fourth in the number of addresses involved in transactions daily.
On the Tron blockchain, approximately 2.55 million wallets regularly sent and received funds.
Source: CryptoRank
- In the first place of the rating is the BNB Chain network with 4.32 million addresses involved in daily operations.
- The second and third places, respectively, were taken by Solana and Near – 3.23 million and 3.15 million active addresses. Closes the top five Aptos blockchains – 1.03 million active wallets.
- The great popularity of the Tron ecosystem is also indicated by the growth of revenues received in 2025 in the form of transaction fees.
The network earned $608 million It was bypassed only by Solana and Hyperliquid – $1.38 billion and $816 million.
The main competitor of Tron Ethereum network for the year collected commissions totaling $524 million.
The blockchain rating also included BNB Chain, edgeX, Base, Axelar, Bittensor and Optimism.
Source: CryptoRank
In 2025, the number of active addresses on Tron performing operations with stablecoins increased from 8.5 million to 11.2 million.
The number of wallets regularly sending and receiving stablecoins on BNB Chain increased from 7.8 million to 12.6 million in 12 months. For the first time since 2021, Tron lost its leadership in the rating of networks by the number of addresses using digital currencies with fiat security.
Over the past six years, the USDT supply on Tron has increased 309 times, according to CryptoQuant. In 2020, approximately 300 million dollar tokens were based on the network. Now this amount exceeds $78.5 billion.
Source: CryptoQuant
Analysts remind that during the same time, the TRX rate strengthened from $0.0155 to $0.338. The growth of the USDT supply on Tron stimulates demand for the underlying digital asset of the ecosystem.
This correlation can be used by traders as one of the tools for analyzing medium-term promising altcoin TRX.
Conclusions:
- In 2025, the Tron network expanded significantly. One indicator is the increase in the number of active addresses using Tron-based tokens, including stablecoins.
- Tron has also proven to be one of the most successful blockchains, earning $608 million in transaction fees.
- The growth of USDT supply on Tron was accompanied by an increase in the value of the underlying asset of the ecosystem – the TRX coin. Investors have watched it rise in price since 2020 amid improved ecosystem liquidity by placing a large volume of USDT tokens.
Is TRX consolidating before a breakthrough or preparing to enter a phase of stagnation?
On the MEXC exchange, rates on perpetual swaps remain in the positive zone. The average daily turnover of futures on the platform is $8.429 million (TRX 27.777 million).
Tron is now in the consolidation phase and can count on support around $0.300. The coin is adjusting on Friday, but the amplitude of fluctuations remains low.
Source: MEXC
In early autumn, TRX traded at $0.37, at the end of the year sellers began to dominate the market, so the rate began to decline. As a result, the mark of $0.272 was tested. It became a critical support zone.
The nearest resistance zones were formed at the levels of $0.324 and $0.347. However, if in the coming days the pressure intensifies and the bears manage to provoke the retreat of the altcoin below $0.30, then the probability of a bullish scenario in the medium term will approach zero, analysts say.
One of the factors that can return TRX to the growth phase may be a stronger surge in targeted activity. Now, on average, the network processes more than 11 million transactions daily (according to the TronScan service).
Source: TronScan
Over the past year, the daily number of transactions in the blockchain has increased by about 20%. The growth of transactional activity indicates a large scale of application of the network.
- Stablecoin transfers have become one of the main uses of the Tron ecosystem.
- According to Artemis, the volume of USDT transfers on the network reached $25 billion. The total number of accounts in the blockchain exceeded 300 million at the end of 2025.
However, this year the growth rate of the ecosystem slowed down, which led to the entry of its underlying digital asset into the consolidation stage.
If in January-February the turnover of stablecoins will remain at the current level, then the value of the Tron cryptocurrency, most likely, will not change significantly either, the MEXC Research team notes.
- TRX is trading above $0.300, and this mark is seen by analysts and traders as an important support zone. If it does not work and the coin drops below $0.300, then bulls’ entry into the arena in the medium term is unlikely.
- The Tron ecosystem grew rapidly in 2025. This is indicated by the increase in the number of daily transactions in the blockchain. In parallel, there was an increase in the number of TRX accounts.
- In 2026, the pace of blockchain expansion slowed, which led to a weakening of demand for the underlying digital asset. As a result, the TRX coin was stuck in a narrow range, and there were risks of protracted consolidation and subsequent correction.
Conclusion
- In 2025, targeted activity in the Tron network began to increase, thanks to an increase in the turnover of the USDT stablecoin. This dollar token began to be used more often not only when buying bitcoin and other coins, but also as a means of payment for goods and services.
- The growth of network activity in 2026 continues, but the pace of blockchain expansion is slowing down. At this stage, the Tron ecosystem has reached a local peak, so the amplitude of fluctuations of its underlying digital asset TRX has narrowed.
- Altcoin TRX adds value if there is a surge in transactional activity on the network.
- In January, the situation stabilized, and the daily volume of stablecoin transfers does not change significantly.
- In such a situation, the demand for TRX does not grow, which led to a weakening of volatility. But the cryptocurrency still holds above $0.300, this mark is considered as a zone of critical support for the asset, the MEXC Research team notes.
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