TRON processed about 1.10 billion transactions in Q3 2026, up 33.7% from a year earlier, but its quarterly report shows a more revealing split: transaction counts stayed broadly flat against the previous quarter while stablecoin settlement value rose to $2.2126 trillion. The figures cover July through September 2026 and come from TRON DAO’s State of TRON report, published in mid-October.
Key takeaways
- TRON’s quarterly transaction count grew 33.7% year over year.
- Stablecoin settlement value increased 5.1% from the previous quarter.
- USDT and USDD supply together reached $93.88 billion.
- Network fees fell 4% despite higher stablecoin settlement value.
TRON’s Q3 2026 transactions hold steady as stablecoin value grows
TRON’s transaction growth in Q3 2026 was strong year over year, rather than quarter over quarter. The network handled 0.82 billion transactions in Q3 2025, compared with roughly 1.10 billion in the latest reporting period.
Stablecoin settlement continued to expand even as the transaction count barely changed from the preceding quarter. TRON DAO reported a daily settlement average of $24.05 billion, with the quarterly total rising 5.1%.
The combined supply of USDT and USDD reached $93.88 billion, an increase of 5.5% quarter over quarter and 14.9% year over year. USDT alone reached a record supply of roughly $92.7 billion on TRON during the quarter. With global USDT supply approximately flat at $184 billion, TRON hosted around half of the total.
In September 2026, TRON accounted for about 73% of stablecoin transaction volume, compared with roughly 15% for Ethereum. Its share of total stablecoin market capitalization was smaller: 30.2% at the end of Q3, up from 28.7% in June.
The network’s share of USDT transfers below $1,000 also increased, reaching 55% in Q3 from 52% in Q2. Together, the figures show higher stablecoin settlement value and supply without a corresponding quarterly increase in raw transaction counts.
Active addresses rise while network fees decline
TRON’s average monthly active addresses increased 9.8% quarter over quarter to 18 million, while total network fees moved in the opposite direction. Fees totaled $701.4 million for Q3, down 4% from the previous quarter, with a daily average of $7.62 million.
By late Q3, TRON DAO’s total account count surpassed 408 million, alongside more than 15 billion transactions recorded over its lifetime. Cumulative transaction volume exceeded $30 trillion as of September 23, 2026.
Total value locked, including staking, stood at $28.21 billion. The report therefore paired higher address activity and stablecoin settlement value with lower aggregate network fees.
Canary Staked TRX ETF arrived late in the quarter
Trading under the ticker TRXS, the Canary Staked TRX ETF debuted on Cboe BZX on September 9, 2026. The fund offers exposure to TRX, TRON’s native token, alongside staking rewards.
The product concerns staked TRX rather than stablecoin settlement. Its arrival in the final weeks of the reporting period limited its contribution to TRON’s Q3 2026 figures. Q4 2026 is the first full quarter with TRXS trading.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.