How well did the Tron network perform in 2025? CryptoQuant provides insights

Tron witnessed expansion in decentralized finance (DeFi), liquidity layers, network activity and USDT offerings.

The Tron network performed relatively well in 2025, registering a trend of high throughput and sustained activity. The year also highlighted network scalability, industry competitiveness, user retention and economic utility.

Analysts from market research firm CryptoQuant have published a special report assessing Tron’s journey over the past year. The publication, shared with CryptoPotatoexamines the impact of new developments, such as lower costs and the growth of TRX as a native cryptocurrency.

Tron network activity increases

According to CryptoQuant, Tron network activity reached structural highs, with spikes in monthly transaction volume and active addresses. The number of monthly transactions recorded an all-time high (ATH) of 323 million in December, up 39% from December 2024. On the other hand, monthly active addresses peaked at 35.5 million and ended the year at 31.3 million, up 24% year-over-year (YoY).

The increase in transactions per active address rose to a two-year high of 10.5, up from 9.2 in December 2024. This indicated an increase in user intensity and deeper engagement beyond just address growth.

Tron implemented a 60% reduction in its unit energy price in August 2025, reducing average transaction fees by 65% ​​to $0.53, the lowest since September 2023. This caused fee revenues to decline, with monthly figures falling from $399 million pre-reduced to $183 million in December. Analysts insist the development reflected a strategic trade-off that prioritized throughput and usage over revenue per transaction.

In evaluating the ecosystem as a whole, Tron witnessed an expansion of the decentralized finance (DeFi) and liquidity layers. DeFi platforms like SunSwap and JustLend averaged billions of dollars in liquidity. The former had a monthly average of $3.1 billion in wrapped TRX (WTRX) swap volumes, while the latter’s deposits rose 56% year-on-year to $12.8 billion.

The dominant USDT rail

Last year, TRX recorded high transfers in USD, totaling $85.2 billion, up 44% from 2024 levels. Analysts attributed most of the growth to the rise in the asset’s price – TRX reached a monthly average ATH of $0.34 in September 2025.

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On the contrary, total TRX transfers in native units amounted to 309 billion, representing a 27% decline from 2024. The decline occurred as more TRX was deployed for voting and network security. About 48% of the TRX supply (45.7 billion coins) is currently discontinued.

Notably, Tether (USDT) supply on Tron has increased significantly, rising 40% from $58 billion in 2024 to $81 billion last year. USDT bridge volume also increased 215% year-over-year to $17.8 billion. Tron is now the dominant USDT transaction trail, having processed more than 825 million USDT transfers last year and ending December with a USDT transaction volume twice that of Ethereum.