The Tron blockchain is experiencing a surge in user activity, setting new records for daily active addresses and transaction counts as more participants adopt the network for fast and low-cost transfers.
Data from TRONSCAN reveals that on Tuesday, the number of daily active addresses on the Tron network climbed to an all-time peak of approximately 5.7 million, surpassing the previous day’s record of 5.4 million. Transaction activity also intensified, with over 12.6 million transactions processed on the same day, marking the highest daily total since mid-June 2023.
Nansen, a blockchain analytics firm, highlighted this growth on social media, noting the strong network throughput without significant hype. Over the past week, Nansen data showed a 69% increase in Tron’s daily active addresses, reaching nearly 11.1 million — the largest week-on-week growth among major blockchain ecosystems.
While Tron’s decentralized finance (DeFi) platform remains smaller in scale compared to Ethereum’s, it supports a substantial volume of stablecoin transactions, particularly involving Tether (USDT). On a weekly basis, Tron facilitates between 15 and 20 million USDT transfers, making the USDT-Tron pairing one of the most frequently used token-chain combinations globally.
Tron’s popularity is notable across regions like Africa, Asia, and South America, where users benefit from quick and affordable transfers of US dollar-pegged stablecoins. This accessibility is crucial in locales where direct access to traditional banking and US dollars is limited.
On October 21, Tether announced it had surpassed 500 million users of its USDT stablecoin, an achievement that Tether’s CTO Paolo Ardoino described as potentially one of the largest milestones in advancing financial inclusion.
The World Bank estimates that roughly 1.4 billion adults worldwide remain unbanked, highlighting the role of cryptocurrencies as viable financial tools for the underserved. With only a smartphone required, individuals can securely receive and store funds through crypto wallets, bypassing conventional banking barriers.
Currently, USDT leads the stablecoin market with a capitalization of $183.2 billion, commanding a 58.8% market share according to CoinGecko data. Circle’s USDC ranks second with a market value of $76.2 billion. Ethereum hosts the majority of circulating USDT, totaling $83.4 billion, while Tron holds the second-largest portion at approximately $78.7 billion, as reported by DefiLlama.
This continued growth in Tron’s on-chain activity and stablecoin usage reflects the increasing demand for scalable blockchain solutions providing low fees and high transaction speeds, particularly for users in regions with limited banking infrastructure.
