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FollowingThe TRON ecosystem has quietly crossed a milestone: the market value of stablecoins has exceeded the US$94 billion mark.
The TRON ecosystem has quietly crossed a milestone that deserves more attention. On-chain data shows that the total market value of stablecoins on the network has exceeded US$94 billion. In the integrated on-chain market of tokenized assets and stablecoins, TRON ranks second only to Ethereum.
Currently, the number of stablecoins held on the TRON network is approximately US$94.6 billion, a record high. Among them, USDT accounts for nearly 98% of supply. In the past 90 days, TRON's stablecoin market value has increased by US$4.8 billion, an increase exceeding the combined value of the remaining nine chains in the top ten blockchains. This organic and continuous accumulation pattern makes this round of growth completely different from previous cycles.
DeFi activity-driven growth
stablecoin data does not tell the full story. During the same three-month window, the network's DeFi segment also achieved equally impressive results: Total locked position value (TVL) increased by 29%, and decentralized exchange (DEX) transaction volume increased by 31%.
As of September 2026, according to TRONSCAN data, the TRON blockchain has recorded more than 405 million total user accounts, cumulative transactions have exceeded 15 billion, and the total locked value exceeds US$28 billion.
At the agreement level, lending platform JUST holds approximately $7.1 billion in collateral. JustLend DAO deployed a V2 version of SBM in June, introducing isolated mortgage pools to support long-tail assets while enhancing risk management capabilities. In addition, the agreement continues to expand its influence: JustLend DAO has been officially integrated into the DeFi Center of Binance Web3 Wallet, launching a dedicated liquidity pool to leverage the leading exchange's large global user base.
SUN.io carries huge trading volume
In terms of trading, the decentralized exchange SUN.io processes US$1.31 billion in monthly trading volume through its automated market makers (AMM) pool. SUN.io reports that it has a total locked position value of approximately US$650 million in more than 26,500 active liquidity pools.
Most of the events were driven by SunSwap V4, which was launched in March. In the five months since its launch, SunSwap V4 has been rapidly adopted, with peak liquidity stabilizing at US$108 million, and 24-hour trading volumes often exceed US$70 million during peak hours.
Currently, TRON processes approximately US$25 billion in USDT transactions per day. Low fees and fast transmission speeds make it the main channel for dollar-denominated point-to-point transfers and transactions. As the supply of stablecoins continues to climb and the DeFi protocol continues to expand its product range, the network's growth trajectory clearly shows no signs of slowing down.
