Tron (TRX) thrives in Q2 as revenue and market cap hit multi-quarter highs

Digital assets have performed well over the past few months, and the latest stats reveal significant growth in some protocols. While cryptocurrencies dipped amid profit-taking, Messari published the Tron DAO Q2 report today. Messari @MessariCrypto · Follow State of @trondao Q2Key Update: TRON solidifies its position as a stablecoin powerhouse while expanding ecosystem partnerships and upgrading technical infrastructure.QoQ Metrics 📊• Market cap ⬆️ 17% to $26.5B• Daily transactions ⬆️ 12.6% to 8.6M• USDT on TRON ⬆️ 22.2% 5:13 PM · Jul 24, 2025 14 Reply Copy link Read 3 replies It shows that Justin Sun’s project posted one of the most impressive quarters. The network witnessed growth in nearly all crucial metrics in Q2, confirming renewed momentum in ecosystem development and adoption. Tron’s record-breaking quarter According to the report , Tron saw its market cap increase by 17% quarter-over-quarter to $26.5 billion, while revenue jumped 20.5% to $915.9 million. These numbers represent multi-quarter peaks, reflecting Tron’s resilience in the highly competitive L1 landscape. Let us find out the details on what propelled the blockchain’s growth in the past few months. Strategic partnerships fuel ecosystem growth Tron has signed key alliances that have broadened its reach and use cases. It has collaborated with diverse industry players, including Privy, AEON Pay, Bridge, and SRM Entertainment. These collaborations brought new users to the TRX ecosystem and opened onboarding and payment pathways. That has strengthened Tron’s attractiveness across e-commerce, fintech, and entertainment. It added: SRM Entertainment, a NASDAQ-listed company, launched a $100 million TRON treasury that included the staking of $365 million TRX tokens to earn yield. SRM Entertainment also brought Justin Sun as an advisor and plans to change its name to Tron Inc.. Moreover, the blockchain launched USD1 to enrich its stablecoin offerings. Stablecoins remain key to Tron Justin Sun’s project continued to flourish as a stablecoin powerhouse in the second quarter. USDT dominates TRX’s stablecoin landscape, accounting for 99.2% of the overall supply. Average daily USDT transfer volume soared 11.6% to $21.3 billion as market cap ballooned to $80.3 billion after a 22% QoQ surge. These numbers confirm increasing confidence in Tron as a fast, low-fee alternative amid skyrocketing demand for blockchain-based transfers. Upgrades and governance power Tron Tron also evolved on a technical standpoint. The Kant mainnet introduced support for EIPs (Ethereum Improvement Proposals). That enhanced interoperability, allowing developers to link with Ethereum-based assets and apps, offers Tron an edge in the competitive Web3 space. Also, governance kept the network afloat in Q2, with the community passing two new proposals to update block rewards and launch new transaction functionalities. DEX volume surge amid mixed DeFi performance The DeFi sector painted a more nuanced outlook. The total value locked saw a slight 0.8% dip to $4.6 billion. However, Tron retained a healthy DEX ecosystem, with trading volume jumping 25% quarter-over-quarter. The SUN V3 platform propelled the trading activities, accounting for around 74% of the overall DEX volume. If Tron maintains this momentum in the upcoming months, especially amidst the potential bull run, it might solidify its status as a reputable player in the DeFi world. TRX price outlook The native token trades at $0.3140 with a slight 0.45% uptick in the past day and a 15% gain the previous week. Chart by Coinmarketcap Increasing volumes signal a momentum shift following today’s intraday low of $0.3010. However, broad market consolidations weigh. Nevertheless, TRX displayed impressive performance in the previous months. It soared consistently from March lows of $0.2122 to $0.3340 on 18 July. Bulls will target December 2024 peaks of $0.4260, an over 25% uptick from current prices. The post Tron (TRX) thrives in Q2 as revenue and market cap hit multi-quarter highs appeared first on Invezz

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