TRON Soars on Stablecoin Settlements Despite Slumping DeFi Economy

TRON's network processed a staggering $2.1 trillion in USDT transfers over the second quarter of 2026, making it a leading stablecoin settlement rail.

According to Messari, TRON's total stablecoin market cap grew 4.1% to a record $89.2 billion, with USDT holding a 98.5% share.

The network averaged 11.8 million daily transactions, up 8.7%, and 3.6 million daily active addresses, up 11.7%. It cleared a record 14.6 million transactions on June 15.

In contrast, TRON's DeFi economy contracted, with the total value locked (TVL) slipping 1.9% to $4.4 billion during the quarter.

The analysts noted that 'the decline remains consistent with the broader cooldown in on-chain spot trading rather than a TRON-specific structural trend.'

TRX ended the quarter near $0.32, essentially flat after an 11.6% gain in Q1, and now trades around $0.33.