Tron's total account count passed 400 million on August 23, with the latest 100 million wallets added in roughly 16 months. The milestone highlights how stablecoin payments, rather than trading, have driven the network's expansion, as Tron now settles more than half of all USDT in circulation.

Tron settles 51.4% of all circulating USDT

The network grew from 300 million to 400 million accounts between April 12, 2025, and August 23, 2026. The 400 million figure and founder Justin Sun's comments come from a TRON DAO press release.

Tron's genesis block was launched on June 25, 2018, and the first 100 million accounts took a full four years to accumulate. The 200 million mark was not reached until December 7, 2023.

Since going live, the chain has processed more than 15.2 billion transactions, with total transfer volume of approximately $30 trillion. TRON DAO's own release put the figure at over $29 trillion.

Tron now handles 51.4% of all USDT in circulation — and USDT, the dollar-pegged token issued by Tether, is the largest stablecoin by market value. According to Tronscan data, the network's USDT float stood at $94.2 billion this week, an increase of roughly $3 billion in a single day. Tron also represents 52% of global low-value USDT transfers — transactions generally used for retail payments and cross-border remittances. That payment-heavy usage tracks the network's design: Tron runs a delegated-proof-of-stake chain in which 27 elected "super representatives" produce blocks roughly every three seconds, a setup geared toward high-volume, low-cost transfers.

The network averaged 4.64 million active accounts over the past 30 days, with some August days topping 5 million. About 170,000 new addresses join daily.

Ethereum still leads on daily activity and DeFi

On raw account count, Tron's 400 million accounts place it ahead of older, larger networks. Account counts, though, measure on-chain addresses rather than unique people — individuals can hold multiple wallets and automated services generate large numbers of them — so the 400 million figure gauges network adoption rather than a literal human user base. Ethereum, however, records around 500,000 daily active addresses, compared with approximately 350,000 on the Bitcoin network, and continues to dominate all DeFi activity.

TRON DAO pointed to signs of institutional interest, noting that the network has joined the S&P Pantera Digital Asset Index and named Anchorage Digital, Securitize, and Bitnomial as partners. Those signals come amid a clearer US regulatory backdrop for the sector: the GENIUS Act, signed into law in July 2025, established the first federal framework governing how payment stablecoins are issued in the United States.

The network's corporate treasury arm, Tron Inc., a Nasdaq-listed company holding TRX as its primary reserve asset, purchased an additional 145,199 TRX at an average price of $0.3444, bringing its total holdings to 711.5 million TRX, worth approximately $245 million.

TRX traded at $0.3357, down 1.1% on the day and up 1% on the week, with a market capitalization of $31.87 billion.

"From zero to 400M users in just over 8 years. Incredible to see how quickly the TRON ecosystem has grown," Tron founder Justin Sun wrote on X.