Geneva, Switzerland – July 23, 2025 – Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive reports highlighting the TRON network’s exceptional performance throughout the first half of 2025. These reports emphasize TRON’s continued dominance in the stablecoin arena and significant growth in decentralized finance (DeFi), demonstrating its superior technical architecture, enhanced network efficiency, and remarkable growth in user adoption.

Cointelegraph

TRON 2025 Mid-Year Report: Stablecoin Expansion Pushes Network Growth analyzed TRON’s strategic dominance in stablecoin transfers throughout H1 2025. The report highlighted TRON’s expansion in the global stablecoin ecosystem and sustained growth across key onchain metrics, driven by significant protocol updates and strategic ecosystem integrations.

Key Insights from Cointelegraph:

• Stablecoin Growth Drives Network Usage: The total supply of stablecoins on TRON increased by 40% year-to-date. Over 51% of all USDT in circulation now resides on the TRON network.
• Technical Upgrades: TRON launched the GreatVoyage-v4.8.0 (Kant) update for enhanced performance and Ethereum compatibility, upgraded USDD 2.0 to a fully decentralized stablecoin with TRX/USDT minting and introduced gas-free USDT transfers allowing users to pay network fees in USDT.
• Ecosystem Development: TRON integrated a wide range of partners across multiple domains. These include Chainstack, Router Protocol, Tap Protocol, Tomo Connect, and Chainlink in infrastructure and cross-chain capabilities; Nansen, Kiln, and P2P.org as new Super Representatives; Mercuryo, MoonPay, Revolut Pay, and Infini in payment and fiat on-ramp services.

Read the full Cointelegraph report here. 

CryptoQuant

1H 2025 TRON Network Review: USDT Dominance and DeFi Momentum report provided detailed analysis of the network’s exceptional performance across network activity, stablecoin leadership, and DeFi expansion. Their insights emphasized TRON’s operational efficiency and market dominance, while achieving multi-year highs in transaction volumes and user engagement, solidifying its position as the leading infrastructure for USDT transactions.

Key Insights from CryptoQuant:

• TRON Network Activity Hits Multi-Year High: TRON processed 273 million transactions in May 2025 — its second-highest monthly total ever. Active addresses also reached 28.7 million in June, the highest since mid-2023.

• TRON’s USDT Dominance: TRON processes approximately 2.3–2.4 million daily USDT transactions which is 6.8 times more than Ethereum. Daily transfer volume reached $24.6 billion, more than 2.7x Ethereum’s.

• DeFi Ecosystem Strengths with SunSwap and JustLend Growth: SunSwap’s DEX monthly wTRX swap volumes have remained above $3 billion in 2025, peaking at $3.8 billion in May. JustLend also recorded a significant increase in both deposits and borrowing, particularly with stablecoins like USDT and USDD.

Read the full CryptoQuant report here. 

Strengthening Global Blockchain Infrastructure

These comprehensive research reports from leading industry analysts reaffirm TRON’s position as a transformative force in blockchain technology and global cryptocurrency adoption. With record-breaking network activity, unprecedented USDT dominance, and flourishing DeFi growth, TRON continues delivering scalable, efficient blockchain solutions that drive the future 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 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 $81 billion. As of July 2025, the TRON blockchain has recorded over 321 million in total user accounts, more than 10.9 billion in total transactions, and over $25.8 billion in total value locked (TVL), based on TRONSCAN.

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Media Contact
Yeweon Park
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Tron founder Justin Sun will join the next Blue Origin crewed flight, the company announced Tuesday. He is the latest high-profile figure to board Jeff Bezos’ New Shepard rocket.

Sun won the first New Shepard seat in a 2021 auction with a $28 million bid that funded 19 space-focused charities, but couldn’t attend the July 2021 flight due to a scheduling conflict.

He will fly alongside real estate investor Arvi Bahal, Turkish businessman Gökhan Erdem, Puerto Rican meteorologist Deborah Martorell, UK-born nonprofit founder Lionel Pitchford, and venture capitalist J.D. Russell on the NS-34 mission.

Another Billionaire Heads to Space

In its official press release, Blue Origin revealed that this will be the 14th human flight for its New Shepard program and the 34th in its overall flight history, with the launch date to be announced.

The mission will add six more individuals to the 70 people Blue Origin has flown past the Kármán line, the internationally recognized boundary of space.

Sun was featured on Forbes’ April 2025 cover as one of crypto’s most outspoken figures. He joins a growing roster of entrepreneurs, philanthropists, and celebrities who have flown with Blue Origin, which has included William Shatner, Michael Strahan, Katy Perry, and Gayle King in previous missions.

From Sculpture Disputes to Eating a $5M Banana

Earlier this year, Sun filed a lawsuit against music mogul David Geffen in Manhattan federal court to reclaim or receive up to $80 million in damages for an Alberto Giacometti sculpture he claims was stolen and sold without his consent.

The Tron founder alleged that a former aide, Xiong Zihan Sydney, forged documents and used a fake lawyer to execute the sale of the Le Nez sculpture, and swapped it for Geffen’s art and cash worth around $65.5 million. Geffen’s legal team, however, called the lawsuit “bizarre and baseless,” while rejecting Sun’s claims and denying any wrongdoing in the dispute.

Last November, Sun bought one of three limited edition rights to Maurizio Cattelan’s Comedian – the 2019 artwork showing a banana duct-taped to a wall at a New York auction for $5.2 million. Not long after the purchase, he publicly ate the banana on stage.

He also pledged to buy 100,000 bananas from the New York street vendor who had initially provided the fruit for the artwork.

June 26, 2025 – Geneva, Switzerland – TRON DAO announced today that the total circulating supply of USDT on the TRON blockchain has exceeded $80 billion, further cementing TRON’s position as the top blockchain for USDT activity. With USDT holding more than 63 percent of the global stablecoin market and surpassing 155 billion dollars in circulation, over half of that supply is issued on TRON. Since January 2025, the supply of USDT issued on the TRON network has grown by approximately 20 billion, according to a data platform Token Terminal. TRON continues to lead all blockchain networks in USDT issuance, transaction volume, and daily user activity. 

TRON has established itself as the preferred settlement network for stablecoins, hosting around 60 percent of payment transaction volume. Its scale and efficiency continue to position it as the backbone for digital dollar movement across borders and diverse financial applications.

As of June 2025, TRON processes over 8.9 million daily transactions and has surpassed 315 million total user accounts. Additionally, the network facilitates an average of $21.5 billion in daily USDT transfers. With over 1 million unique wallets transacting USDT each day, TRON also leads in active stablecoin wallet usage, representing 28 percent of global active addresses. 

With stablecoins playing an increasingly important role in cross-border settlement, financial access, and dollarization in emerging markets, TRON has established itself as one of the most widely used blockchain networks in the world. Its combination of scale, speed, and low transaction costs has made it the preferred environment for stablecoin activity worldwide.

“TRON’s success is grounded in its alignment with the core values of crypto—openness, user empowerment, and real-world utility,” said Justin Sun, founder of TRON. “USDT on TRON has become the go-to choice for millions of people because it works—it’s fast, efficient, and easy to use. The TRON ecosystem remains focused on building reliable infrastructure for the next generation of digital finance.”

TRON’s leadership in the stablecoin space continues to evolve to meet growing institutional demand. In April 2025, World Liberty Financial chose TRON to launch its USD1 stablecoin, which began minting earlier this month. Additionally, the TRON ecosystem has deepened its focus on financial compliance through the T3 Financial Crime Unit (T3 FCU), a joint initiative with Tether and TRM Labs. Since launch, T3 FCU has worked with law enforcement agencies worldwide to freeze over $160 million linked to illicit activity.

As the digital dollar economy continues to expand, TRON remains a core pillar of the infrastructure driving greater efficiency and financial inclusion.

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 $80 billion. As of June 2025, the TRON blockchain has recorded over 315 million in total user accounts, more than 10 billion in total transactions, and over $21 billion in total value locked (TVL), based on TRONSCAN.

TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact
Yeweon Park
[email protected]

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SUN – which is a platform for swap, yield farming, and self-governance on Tron – has firmly retained its position as the second-largest protocol by total value locked (TVL) on the blockchain. It is currently trailing only behind the lending giant JustLend.

With approximately $985 million locked in, SUN accounts for a significant share of Tron’s liquidity.

The growth can be attributed to user confidence in its liquidity pools and incentive mechanisms, according to CryptoQuant’s latest report. Over the past 14 days, SUN’s TVL has grown by $38 million, which reflects a steady user engagement. Notably, newer iterations like SunSwap 2 and SunSwap 3 are attracting more volume than the original SunSwap 1.

CryptoQuant revealed that several factors are boosting this upward trend, including favorable farming incentives, stable returns from liquidity provision, and a lower risk profile compared to lending platforms. SUN’s growing role as a liquidity base for key Tron trading pairs is also contributing to its appeal. This momentum reinforces its “structural importance to the ecosystem’s health.”

If the trend continues, SUN may reduce the current over-dependence on JustLend and help create a more balanced DeFi on Tron. If the growth pattern holds steady, SUN is expected to secure a bigger slice of the TVL, which, in turn, could lessen the current over-concentration in JustLend.

Zooming out, Tron evolved from a USDT-centric network into a thriving DeFi ecosystem in 2024. While USDT remained dominant, new platforms like SunSwap and SunPump significantly boosted decentralized activity.

The cryptocurrency market shows mixed signals as geopolitical development creates both opportunities and challenges for digital assets.

Tron’s TRX tokens showed noticeable strength at 4.8% rallies over the last 24 hours, rising from $0.264 to $0.276 before experiencing minor corrections.

This uptrend coincides with Tron achieving a significant milestone by overtaking Ethereum as the blockchain with the largest USDT distribution, and currently hosting $73.8 billion compared to $71.9 billion.

The White House announcement of a recent trade agreement between the US and China shows a potential cooling of trade tensions, boosting market sentiment. Meanwhile, institutional adoption continues to accelerate as Coinbase highlights its mainstream acceptance of digital assets in addition to the S&P 500.

Technical Analysis Highlights

• The TRX rose from $0.264 to a peak of $0.276, representing the 4.8% range with above average volume at key breakout points.
• Strong purchase pressure established support at $0.265 during the 13:00-14:00 and 19:00 sessions.
• The prominent resistance zone appeared at about $0.275, and the price merged near this level before a slight pullback.
• A consistent high and low throughout the period suggests a continuing intense momentum.
• In the final hour, the TRX peaked at $0.276 at 07:48, then entered a sharp correction phase.
• Prices fell about 0.9% from the hourly high to $0.273, with a massive sales volume (11.8m) at 08:08.
• A new support level was established at around $0.274, with multiple unsuccessful attempts trying to regain $0.275.
• Recent price action shows a consolidation of between $0.273 and $0.274, with conservative purchases appearing near the session lowest.

Disclaimer: This article was generated with AI tools and reviewed by the editorial team to ensure accuracy and compliance with the standards. For more information, see Coindesk’s complete AI policy. This article may contain information from external sources listed below, where applicable.

External reference

The organization behind one of the world’s largest blockchain networks confirmed that TRON’s X account was compromised on May 2, 2025, in a targeted social engineering attack. The breach lasted from 9:25 A.M. PST, when an unauthorized party published a post containing a suspicious contract address. The hacker then proceeded to send direct messages (DMs) to users and follow unknown accounts.

According to TRON’s post-incident analysis, the attacker gained access by targeting a team member with a malicious social engineering scheme. Once inside, the perpetrator used the official account to spread a contract address, potentially luring followers into interacting with a fraudulent smart contract. The attacker also sent unsolicited DMs and followed various accounts, attempting to further exploit the breach even after TRON regained control of the account. TRON DAO promptly warned users:

“TRON DAO will never post contract addresses or send unsolicited DMs. If you received a DM from our account on May 2, please delete it and consider it the work of the attacker.”

The organization has since identified several X and Telegram accounts believed to be associated with the perpetrator and is working with law enforcement to investigate the incident.

TRON founder Justin Sun also called on the OKX exchange to freeze funds linked to the hack, and reposted the TRON official message on X with the simple words:

“Be safe.”

The rise of social engineering threats

Social engineering is responsible for 98% of cyberattacks, and the TRON incident is the latest in a series of high-profile social engineering and phishing attacks in the crypto sector this year. Just days earlier, an elderly American lost $330 million in Bitcoin after being targeted by a sophisticated social engineering scam. In that case, attackers manipulated the victim’s trust and gained access to their wallet, quickly laundering the stolen funds through multiple exchanges and privacy coins.

Another recent case involved the theft of over $40 million in bitcoin from a high-net-worth individual. Hackers used a combination of phishing emails, impersonation, and fake support tickets to bypass even hardware wallet protections.

Advanced social engineering tactics can defeat even the most watertight security measures, and even crypto OGs can fall prey to sophisticated hackers. The breach of TRON’s X account makes it clear that even well-resourced organizations are not immune to the threat.

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TRON founder and prominent crypto industry figure Justin Sun has taken to the social media platform X to make optimistic claims about the future of JST (JUST), the governance token of the Just ecosystem. In a recent post, Sun declared that JST has undergone a “complete fundamental reversal,” and suggested it could become the “next 100x token” as the TRON-based DeFi landscape matures.

The rise of JustLend and USDD

Central to Sun’s argument is the performance of JustLend, a permissionless lending platform built on the TRON blockchain and incubated by JST. Since its launch, JustLend has grown into one of the largest lending protocols in the TRON ecosystem, allowing users to lend and borrow native assets through decentralized liquidity pools.

The platform operates similarly to Compound or AAVE on Ethereum, but with the added advantage of TRON’s high throughput and low transaction fees. According to Sun, JustLend’s growth has translated into tens of millions of dollars in net profit, with interest rates for lenders sometimes reaching up to 30%.

Another ecosystem pillar is USDD, a decentralized stablecoin incubated by the Just platform and TRON DAO Reserve. According to Sun, USDD has seen “explosive growth,” quickly becoming a widely used stablecoin within the TRON network and beyond. Integration with lending and DeFi platforms has accelerated its adoption, further boosting the utility and demand for JST.

JST a ‘combination of Tron’s AAVE and MKR’

Sun likens JST’s evolving role to a combination of AAVE and MakerDAO’s MKR. JST is used for governance decisions within the Just ecosystem and plays a key role in the issuance and management of stablecoins and lending pools. According to Sun, annual net profits for the ecosystem have already reached tens of millions of dollars, with a “conservative revenue forecast” of over $100 million in revenue for the coming year.

Perhaps most notably, Sun has committed to using all profits to buy back and burn JST tokens “at the appropriate time.” This deflationary mechanism is designed to reduce the circulating supply and potentially increase the value of remaining tokens, a strategy that has been successful for other DeFi projects.

The success of JustLend and USDD shows TRON’s ambition to rival Ethereum’s DeFi dominance, offering attractive yields and a user-friendly experience. If they continue their upward trajectory and the promised buyback-and-burn program is implemented, JST could certainly appreciate. However, as with all crypto investments, DYOR and only invest what you can afford to lose.

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There has been a resurgence in transactions per token on the Tron-based platform for the launch and trading of meme coins, SunPump.

The latest trend indicates a renewed interest in meme coins within the Tron network, as this controversial category has seen increasing adoption and even official acknowledgment from high-profile figures, including political leaders and public personalities.

SunPump Activity Heats Up

According to the data compiled by CryptoQuant, transaction volume on SunPump has been increasing, which historically signals a shift in market sentiment.

When transactions per token decline, it often corresponds with waning investor enthusiasm and the formation of local bottoms in TRX.

On the other hand, an upward trend in transactions per token suggests growing market activity, though it also introduces higher volatility risks. CryptoQuant urged investors to be cautious, as past spikes have frequently preceded sharp price fluctuations.

Since August 2024, more than 95,000 tokens have been launched on SunPump, with over 2.84 million recorded transactions. The most significant activity was observed between August and September, but the recent surge could indicate an impending market rebound. Analysts suggest that if transaction volume continues to rise, TRX and related assets might experience increased momentum in the near term.

Zooming Out: Tron Network Growth

In an earlier review, CryptoQuant stated that the Tron network has evolved from a USDT-dominated platform to a growing decentralized finance (DeFi) hub in 2024. Historically, USDT transactions accounted for the vast majority of activity on Tron, with the stablecoin’s supply increasing from $48 billion to $62 billion over the year.

The value transferred also surged, reaching $576 billion by December 2024. Tron, in collaboration with Tether and TRM Labs, has also taken steps to combat financial crime, freezing over $100 million in illicit assets.

Beyond stablecoin transfers, Tron’s DeFi activity expanded with platforms like SunSwap in addition to SunPump. SunSwap, for one, facilitated decentralized token swaps, and processed four million monthly transactions in August 2024.

Additionally, WTRX, a wrapped version of TRX, became a key asset that contributed to SunSwap’s swap volume growth. This surge in activity boosted Tron’s monthly network fees to $236 million by year-end.