Quick Breakdown
- Tron recorded a new all-time high of 5.7 million daily active addresses and 12.6 million transactions.
- Retail adoption of USDT on Tron is booming across emerging markets like Africa and Asia.
- USDT dominates the stablecoin market with $183.2B in market cap and over 500 million users.
Tron network activity hits record highs
The Tron blockchain is witnessing unprecedented on-chain activity, with data suggesting more people are transacting on the network than ever before. According to TRONSCAN, the number of daily active addresses on Tron surged to an all-time high of 5.7 million on Wednesday, surpassing the previous record of 5.4 million set just a day earlier. The network also processed over 12.6 million transactions — its busiest day since June 2023.
.@trondao just clocked 12.6M transactions in a day.
No headlines. No hype. Just raw throughput.
That’s top-tier activity with zero fanfare. pic.twitter.com/J0rqFZN8Vu
— Nansen 🧭 (@nansen_ai) October 29, 2025
Blockchain analytics platform Nansen commented on the surge, noting,
“No headlines. No hype. Just raw throughput. That’s top-tier activity with zero fanfare.”
Retail users drive growth across regions
Nansen’s data further indicates a 69% jump in Tron’s daily active addresses within the past week, reaching nearly 11.1 million — the largest weekly increase among major blockchains. The spike highlights Tron’s growing popularity among retail users, especially in Africa, Asia, and South America, where it has become a preferred network for stablecoin transfers.
While Tron’s decentralized finance (DeFi) ecosystem may not rival Ethereum’s, its speed, affordability, and reliability have positioned it as a go-to network for Tether (USDT) transactions. The chain facilitates 15–20 million USDT transfers each week, making the combination of USDT on Tron one of the most used payment setups globally.
USDT remains the king of stablecoins
Tether recently reached its 500 millionth user milestone on October 21, with CEO Paolo Ardoino calling it “likely the biggest financial inclusion achievement in history.” The World Bank Group estimates around 1.4 billion adults remain unbanked, and crypto-based stablecoins like USDT offer an accessible alternative for cross-border transactions and secure savings via smartphones.
According to CoinGecko, USDT holds a 58.8% market share with a market capitalization of $183.2 billion, far ahead of Circle’s USDC at $76.2 billion. DefiLlama data shows that Ethereum hosts the most USDT in circulation at $83.4 billion, followed by Tron at $78.7 billion — underscoring the latter’s growing relevance in the global stablecoin economy.
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