Geneva, Switzerland, July 24, 2026 — CoinDesk Data and CryptoQuant, two leading blockchain research and analytics platforms, have independently published comprehensive reports assessing the TRON network's performance during the second quarter and first half of 2026. Both analyses highlight TRON's sustained leadership in global stablecoin settlement and protocol revenue, as well as its development into a broader infrastructure layer supporting applications, business payments, and the emerging agentic AI economy.

The reports arrive as stablecoins — USDT chief among them — continue to gain traction as settlement rails for cross-border payments, remittances, and merchant commerce, with total stablecoin market capitalization across all chains exceeding $310 billion midway through 2026. TRON's persistent dominance in this sector positions it as a critical intermediary in the movement of dollar-pegged liquidity worldwide.

CoinDesk: TRON Network Quarterly Report — Q2 2026

CoinDesk's quarterly report details continued ecosystem expansion, including regulated U.S. market access via Bitnomial, tokenized private credit initiatives with Securitize and Hamilton Lane, and interoperability integrations across more than 150 blockchain networks. The report also documents TRON's growing involvement in agentic AI through B.AI, deBridge's Model Context Protocol (MCP) server, and membership in the Agentic AI Foundation.

Key Findings from CoinDesk:

• User Growth & Peer-to-Peer Activity: Daily active users on TRON averaged 3.5 million in Q2 2026, an increase from 3.2 million in Q1. As of June 30, approximately 93% of TRON's stablecoin transfer volume was peer-to-peer — the highest proportion among all tracked chains. This concentration of P2P activity underscores TRON's role as a preferred network for direct value transfer between individuals, particularly in regions where access to traditional banking infrastructure is limited.

• Stablecoin Market Share & USDT Growth: TRON's share of total stablecoin market capitalization rose to 28.7%, up from 27.3% in March. USDT on the network reached an all-time high of just over $89 billion during Q2 and currently stands at approximately $90 billion, accounting for 47% of total USDT dominance. TRON's share of sub-$1,000 USDT transfers among native-issuance chains also climbed from 43% to 52%, reflecting its strength in smaller-value, high-frequency transactions typical of everyday payments and remittances.

• Crypto-Card Volume Leadership: Total crypto payment card volumes grew from $2.0 billion in Q1 2026 to $2.4 billion in Q2 2026. TRON's share of crypto-card volume rose to 34% (from 33%), the highest of any tracked chain, totaling approximately $887 million. Crypto-linked cards — which allow users to spend stablecoin and cryptocurrency balances at conventional point-of-sale terminals — have become an increasingly important bridge between blockchain-based liquidity and mainstream consumer commerce.

Read the full CoinDesk report.

CryptoQuant: Beyond P2P — TRON as an Infrastructure Layer

CryptoQuant's report examines TRON's evolution beyond peer-to-peer transfers into a multi-purpose infrastructure layer, highlighting the growing adoption of fee-abstracted transaction infrastructure, cross-chain liquidity routing, and machine-to-machine payment capabilities.

Key Findings from CryptoQuant:

• Gas-Free Infrastructure Scaling Rapidly: GasFree, a TRON-based initiative enabling USDT transfers without requiring users to hold TRX for gas fees, saw weekly transfer volume climb to $2.9 billion by the final week of June 2026 — up from a 2025 peak of $1.9 billion and reaching a record $3.0 billion in early May 2026. The average fee was $1.50 on an average $16,300 transfer, yielding an effective rate of 0.009%. Fee abstraction — where a third party sponsors or covers network transaction costs — addresses one of the most persistent user-experience barriers in blockchain payments by eliminating the need for users to acquire and manage a separate native token solely to pay for transactions.

• Cross-Chain Liquidity in Active Use: Rhino.fi, a cross-chain liquidity service integrated with the Wirex payment platform, routes TRON-based USDT across more than 30 networks, converting deposits into spendable balances in under 10 seconds. Rhino's weekly USDT volume from TRON increased from roughly $1 million to a record $48 million by mid-June 2026, with average transfer sizes rising to $24,000.

• Agentic Economy Development: Facilitators including B.AI, MERX, Oobit, and dTelecom are deploying x402-based payment rails and USDT liquidity to settle machine-to-machine payments for AI agents. The x402 standard draws on the HTTP 402 "Payment Required" status code — reserved decades ago in the web protocol specification but largely unused until crypto-native payment protocols began repurposing it for automated, internet-native value transfer. B.AI deposit activity has accelerated since April 2026, indicating early traction for agent-driven demand on the TRON network.

Read the full CryptoQuant report.

Summary and Network Context

Taken together, these independent reports document TRON's expansion from a peer-to-peer stablecoin transfer network into a foundational infrastructure layer for global digital finance, with adoption spanning consumer payments, business settlement, cross-chain liquidity, and AI-native applications. The parallel growth of fee-abstracted transfers, crypto-card spending, and agent-driven payment rails suggests that TRON's utility is broadening beyond its core stablecoin settlement role into adjacent payment and automation use cases — areas that multiple blockchain networks are actively competing to capture.

About TRON DAO

TRON DAO is a community-governed decentralized autonomous organization focused on accelerating internet decentralization through blockchain technology and decentralized applications.

Founded in September 2017, the TRON blockchain launched its MainNet in May 2018. The network currently hosts a USDT (Tether) circulating supply exceeding $90 billion. As of July 2026, TRON has recorded over 394 million total user accounts, more than 14 billion total transactions, and over $26 billion in total value locked (TVL), according to TRONSCAN.

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Media Contact: Yeweon Park, press@tron.network