Messari has published a report on the Tron network

Messari has published a report on the Tron network, which recorded record revenues of 760.2 million dollars during this Q1 2025.

Crypto market intelligence products provider Messari has published its report on the Tron network, summarizing its performance in this Q1 2025.

In general, it seems that in this first quarter of the year, the market cap of the Tron ecosystem has grown by +3.3%, compared to the previous quarter, for a total of 22.7 billion dollars. Despite the volatility of the crypto market, in March TRX managed to maintain its tenth position in the ranking.

However, at the time of writing, the market cap of TRX has risen to 23.2 billion dollars, bringing Justin Sun’s crypto to ninth place.

Returning to Q1 2025, even in terms of revenue and income, the Tron network recorded a quarterly increase of +2.7% which led it to reach the all-time high of 760.2 million dollars.

In the category of DeFi, however, the results are mixed. Tron recorded a decrease in DeFi TVL in USD of -36.7% to 4.7 billion dollars. This result led the network to drop to the fifth place in the ranking for TVL.

Yet, the daily volume of the DEX has grown by 14.2% compared to the previous quarter, with SUN V3 representing 89.4% of all the volume.

Messari and Q1 2025 of the Tron network: leadership in the stablecoin sector

Another sector in which, however, the Tron network seems to excel is that of stablecoins. In fact, it appears that USDT on Tron (TRC-20 token) represents 99.3% of the total market cap of stablecoins, which is 65.7 billion dollars.

In Q1 2025, USDT on Tron recorded an increase of +13.9% compared to the previous quarter.

Not only that, the average daily trading volume of USDT increased by 3.3%, compared to the previous quarter, reaching 19 billion dollars.

As analyzed previously, the Tron blockchain is advantageous for stablecoin.

This is thanks to its low transaction fees compared to other blockchains, its transaction speed, and its wide integration with crypto-exchanges that facilitate its use for trading and transfers.

Not only that, at the beginning of January 2025, the co-founder of Tron, Justin Sun, had announced his intention to eliminate fees in stablecoin transactions.

The price of TRX

Taking a look at the price of TRX, the native crypto of the Tron blockchain, in Q1 2025, it seems to oscillate around $0.23-$0.24.

In fact, TRX started 2025 with a price of $0.25, nearing $0.27 at the beginning of January, only to start oscillating. By mid-March 2025, TRX then reached a period low at $0.21.

Nothing to do with its ATH or All-Time High or historical price maximum, reached at the beginning of December 2024, when TRX reached $0.42.