TRON USDT supply hits $87.9B as transfers reach $2.1T in Q2: Messari
Messari reported that TRON recorded all-time highs in stablecoin supply and network activity during the second quarter, while DeFi and decentralized exchange activity declined.
Messari's latest report reveals that TRON's stablecoin supply reached an all-time high of $87.9 billion and its network saw $2.1 trillion in USDT transfers during the second quarter. TRON surpassed Ethereum in circulating USDT supply. Despite a 1.9% decline in DeFi TVL to $4.4 billion, average daily DEX volume dropped 21.7% to $49.3 million, marking a fourth consecutive quarterly decline.
TRX supply remained inflationary, with circulation increasing by 87 million tokens. Institutional interest in TRON grew, with Securitize launching a TRON-based tokenized senior credit opportunities fund and Grayscale considering TRX for inclusion in its assets under consideration. Bitnomial launched spot TRX trading in the US, OKX Europe introduced regulated TRX expiry perpetuals, and Binance.US restored TRX trading. Following the quarter, Anchorage Digital added native TRX staking and custody for TRC-20 assets.
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