TRX gained 3% in Q2 2026 while Bitcoin fell 4%, according to a CoinDesk Research report released on July 21, 2026. The network processed approximately 11.8 million daily transactions, with 93% being peer-to-peer stablecoin transfers, reaching a record $89 billion in USDT supply on its blockchain. This dominant position represents 47% of total USDT supply across all chains and 28.7% of the stablecoin market cap. TRON collected $89 million in protocol fees in Q2, ranking second behind Hyperliquid. DeFi TVL slightly declined to $4.5 billion, indicating an ecosystem concentrated around lending protocols and stablecoins rather than broader diversification.
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