Total Daily Active Addresses Rise to Record High
Blockchain data indicates that activity on the Tron network has reached record levels, driven by a wave of retail adoption and growing interest in its fast, low-cost transactions. According to figures from Tronscan, the number of daily active addresses climbed to 5.7 million on Tuesday, surpassing the previous day’s record of 5.4 million. The network also processed more than 12.6 million transactions, its highest daily total since June 2023.
Commenting on the surge, analytics firm Nansen said on X that there were “no headlines, no hype, just raw throughput,” calling the spike “top-tier activity with zero fanfare.” Nansen’s latest data shows a 69% increase in daily active Tron addresses over the past week, reaching nearly 11.1 million. That marks the largest week-on-week jump among major blockchains, underscoring Tron’s growing momentum in the broader crypto landscape.
Tron’s USDT (TRX) Is The Stablecoin Stable For Many Users
Tron’s decentralized finance ecosystem may not rival Ethereum’s in scale, but its utility is hard to ignore. The network handles between 15 and 20 million Tether (USDT) transfers every week, making it one of the most frequently used combinations of token and blockchain in the crypto market. Data from Nansen shows how Tron’s transactions are divided among TRX, USDT, and other tokens, underscoring the network’s strong focus on stablecoin activity.
The popularity of Tron is especially evident in regions where access to U.S. dollars is limited, including countries in Africa, Asia, and South America. In these regions, users turn to Tron for fast, low-cost transfers of dollar-pegged tokens, offering a practical alternative to traditional banking systems.
Tether reached a major milestone on October 21, recording its 500 millionth USDT user. CEO Paolo Ardoino described the moment as “likely the biggest financial inclusion achievement in history.” According to estimates provided by the World Bank Group, about 1.4 billion adults worldwide are unbanked. For many of them, crypto offers a way in. With nothing more than a smartphone, users can download a digital wallet, receive money, and store funds securely, a simple solution to a problem that traditional banking has struggled to fix.
USDT remains the undisputed leader among stablecoins, holding a market capitalization of $183.2 billion and commanding nearly 59% of the global market, according to CoinGecko. In comparison, Circle’s USDC has a solid but smaller share with a market cap of $76.2 billion. As per on-chain insights by DeFiLlama, the Ethereum network leads with the highest amount of circulating USDT totaling roughly $83.4 billion. Following closely is Tron with about $787.7 billion.