Geneva, Switzerland – October 17, 2025 – CoinDesk Data the institutional research division of CoinDesk, a leading global media outlet in the cryptocurrency and blockchain industry, together with prominent blockchain analytics and risk assessment firms Nansen and Particula, have each released independent Q3 2025 reports analyzing onchain activity on the TRON network. Collectively, the findings highlight TRON’s continued dominance in global stablecoin settlements, retail payment infrastructure, and its rapid evolution into a mature, institutional-grade blockchain powering the next generation of decentralized finance.

CoinDesk

CoinDesk Q3 2025 Quarterly Report: TRON Network highlights TRON’s continued leadership in stablecoin settlements, supported by strategic network upgrades and strong ecosystem growth.

Key Insights from CoinDesk:

• USDT and Network Dominance: TRON maintained an average of 2.6 million daily active users, ranking second only to Solana. The network leads the market for retail USDT transfers under $1,000, commanding a 65% global share.
• Rising P2P Transaction: About 74% of TRON’s daily active users transact wallet-to-wallet as of September 30, 2025, the highest proportion among other chains like Base, Optimism, Ethereum, Solana, BNB and Arbitrum reinforcing its role as a retail-focused payments network.
• Ecosystem Growth: TRON’s total value locked (TVL) rose from $4.9 billion to $6 billion, driven by JustLend, which added USD1 as collateral and expanded its USDD v2.0 Supply Mining Program.

Read the full report from CoinDesk here.

Nansen

Nansen’s TRON Quarterly Report – Q3 2025 emphasizes TRON’s evolution into a mature, institutional-grade financial infrastructure operating at scale across global stablecoin and DeFi ecosystems.

Key Insights from Nansen:

• U.S. Government Recognition: The U.S. Depar

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Author: Estefano Gomez