Tron Network 2025 Review: Record Activity & Dominant USDT Rail

According to the CryptoQuant report shared with CryptoPotato, the Tron network achieved structural highs in activity throughout 2025. The most striking figure was the monthly transaction volume, which hit an all-time high (ATH) of 323 million in December. This represented a substantial 39% increase from December 2024. User adoption also surged, with monthly active addresses peaking at 35.5 million and ending the year at 31.3 million, marking a 24% year-over-year increase.

Beyond simple user growth, the data pointed to deeper engagement. The metric for transactions per active address rose to a two-year high of 10.5, up from 9.2 a year prior. This indicates that users were not just creating addresses but were actively conducting more transactions on the network, a sign of growing utility and user intensity. A key driver of this heightened activity was a strategic decision implemented in August 2025: a 60% cut in the unit energy price. This move slashed the average transaction fee by 65% to just $0.53, the lowest level since September 2023.

While this fee reduction caused monthly fee revenues to decline from $399 million pre-cut to $183 million by December, analysts at CryptoQuant framed it as a deliberate trade-off. The network prioritized higher throughput and broader usage over maximizing per-transaction revenue, a strategy that appears to have paid dividends in user growth and transaction volume.

The Tron ecosystem witnessed significant expansion in its decentralized finance (DeFi) and liquidity layers. Major platforms like SunSwap and JustLend averaged billions of dollars in liquidity, underscoring the network’s growing financial utility. SunSwap sustained a monthly average of $3.1 billion in wrapped TRX (WTRX) swap volume, while JustLend saw its total deposits soar by 56% year-over-year to reach $12.8 billion.

The native cryptocurrency, TRX, also showed notable trends. In USD terms, total TRX transfers grew 44% from 2024 levels to $85.2 billion, a rise analysts largely attributed to the asset’s price appreciation. TRX reached a monthly average ATH of $0.34 in September 2025. However, when measured in native units, total TRX transfers actually declined by 27% from 2024. This counterintuitive shift is explained by a massive increase in staking for network security and voting rights.

Approximately 48% of the total TRX supply, equating to 45.7 billion coins, is now staked. This significant lock-up reduces the circulating supply available for transfers but strengthens the network’s security and governance, representing a maturation of the Tron ecosystem as users opt for long-term participation over frequent trading.

Perhaps the most definitive achievement for Tron in 2025 was its consolidation as the premier blockchain for Tether (USDT) transactions. The supply of USDT on the Tron network expanded dramatically, rising 40% from $58 billion in 2024 to $81 billion last year. Furthermore, USDT bridging volume—the movement of the stablecoin onto and off the Tron chain—jumped an astounding 215% year-over-year to $17.8 billion.

The scale of activity is staggering: Tron processed more than 825 million individual USDT transfers over the course of the year. By December 2025, Tron’s USDT transaction volume was double that of Ethereum, its closest competitor. This data solidifies Tron’s position as the dominant transaction rail for the world’s largest stablecoin, a critical role in the global crypto economy that highlights the network’s efficiency, low cost, and widespread adoption for value transfer.