TRON Q4 2025 Network Breaks 10 Million Daily Transactions Despite TRX Dip

According to Messari’s Q4 2025 TRON report released on January 20, 2026, TRON’s blockchain reached new highs in network activity. Average daily transactions rose 13.7% quarter-on-quarter (QoQ) to 10.2 million.

Source: Messari

Daily active addresses increased 12.3% to 2.8 million, while average daily new addresses climbed 13.8% to 221,818. Stablecoins on TRON now represent a market cap of $81.8 billion, reflecting strong adoption and sustained user engagement.

Source: Messari

Notwithstanding these achievements, the circulating market cap of TRX decreased for the first time in three years, declining by 14.8% QoQ from $31.6 billion to $26.9 billion.

The circulating supply increased slightly from 94.67 billion to 94.69 billion, thus ending the deflationary period that had continued for several quarters.

Staking and Resource Model Support Network Growth

TRON has a system that rewards stakers with Bandwidth and Energy, which enables low-cost transactions and execution of smart contracts. When users consume more resources than they have, they pay TRX fees, which are burned, thus generating revenue for the network.

In Q4, revenue decreased by 38% from the last quarter to $655.6 million due to the TRX price decrease of 14.9%. Total TRX revenue decreased by 31.2% to 2.2 billion TRX.

Staking remained robust. Stake 2.0 closed the quarter with 27.4 billion TRX staked, a 4.8% increase from the previous quarter, while Stake 1.0 decreased to 18.2 billion TRX, a 0.8% decrease from the previous quarter.

Source: Messari

In aggregate, 45.7 billion TRX were staked, representing 48.2% of the total circulating supply. The value of staked TRX in USD increased 2.7% from the previous quarter to $15.1 billion.

TRON’s Delegated Proof-of-Stake consensus mechanism boasts more than 400 Super Representative candidates and nearly 8,000 nodes in 91 geographic locations around the globe.

TRON DeFi TVL Declines in Q4

The DeFi market in TRON declined in Q4. The total value locked (TVL) decreased by 16.2% from the previous quarter in TRX to 15.5 billion and by 28.7% in USD to $4.4 billion, ranking TRON sixth in TVL. JustLend and SUN are the primary DeFi applications on TRON.

Source: Messari

The TVL of JustLend decreased by 25.4% to $3.7 billion, despite a 37.6% increase in borrowing volume from the previous quarter. SUN V3 remains the largest DEX, with an average daily trading volume of approximately $79 million, but the DEX market declined by 31.5% from the previous quarter.

Source: Messari

Also Read: WalletConnect Integrates TRON to Expand Stablecoin Payments Globally