TRON’s on-chain USDT supply reaches $89.2B in Q2, overtaking Ethereum, Messari says
AI Market Summary
Messari's Q2 report indicates USDT supply on TRON reached $89.2B (+4.1% QoQ), surpassing Ethereum and reinforcing TRON's role as the dominant USDT settlement layer. $2.1T in quarterly transfers, rising daily volume, record transactions, and higher fees suggest stronger on-chain economic activity. Institutional signals (tokenized fund launch, custody/staking support, US spot trading) add incremental legitimacy and liquidity to the TRX ecosystem.
Impact level
● Medium
Affected assets
TRX/USDT+1.15%
AI Insight · TRX/USDTAI Insight
▲ Bullish
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TRON’s on-chain USDT supply reached $89.2 billion in the second quarter, up 4.1% quarter over quarter, and surpassed Ethereum to become the largest network for USDT in circulation, according to Messari’s Q2 report. The network processed $2.1 trillion in USDT transfers over the quarter, while average daily USDT volume rebounded to $22.8 billion. Average daily transactions rose 8.7% to 11.8 million, and daily active addresses increased 11.7% to 3.6 million. A single-day record of 14.6 million transactions was set on June 15.
