Messari Reports Strong Q1 for TRON with Record Revenue, $19B Daily USDT Volume

April 16, 2025 at 09:47 AM EDT

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Geneva, Switzerland – April 16, 2025 – Messari, a leading provider of digital asset market intelligence products, released a research report highlighting the TRON network’s significant advancements in blockchain activity, ecosystem expansion, and innovation throughout Q1 2025. This report emphasizes TRON’s growing role in decentralized finance (DeFi) and stablecoin adoption, showcasing its robust technical infrastructure, scalability, and high user engagement.

State of TRON Q1 2025

Messari’s State of TRON Q1 2025 report provided an in-depth analysis of the network’s exceptional performance in the first quarter of 2025. Their insights emphasized TRON’s operational efficiency, supported by its Delegated Proof-of-Stake (DPoS) consensus mechanism and scalable architecture. The TRON Network experienced positive growth across many key metrics, including a 2.7% QoQ increase in revenue to $760.2 million, an all-time high for the network.

Key Insights from Messari:

Ecosystem development: Collaborations with Wintermute, T3 FCU, Kiln, and Nansen showcased ecosystem growth in Q1.
Technical upgrades: In Q1 the TRON developer community introduced Smart Wallets with advanced features like energy sharing and zero account activation costs, as well as announced gas-free USDT transfers on TRON.
Stablecoin usage: Remains strong, with $65.7 billion (+13.9% QoQ) USDT on the TRON network. The average daily USDT transfer volume increased by 3.3% QoQ, reaching $19 billion.

TRON continues implementing strategies to grow its ecosystem, with initiatives such as The T3 Financial Crime Unit (T3 FCU), a joint effort by TRON, Tether, and TRM Labs. In Q1, T3 announced it had frozen over $126 million in criminal assets since its launch in August 2024.

Read the full Messari report here.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, exceeding $60 billion. As of April 2025, the TRON blockchain has recorded over 300 million in total user accounts, more than 10 billion in total transactions, and over $20 billion in total value locked (TVL), based on TRONSCAN.