TRON has crossed 400 million total accounts, adding its latest 100 million accounts in about 16 months as stablecoin transfers continue to drive activity on the network.
The blockchain crossed the milestone on August 23, according to TRON DAO. The network had 300 million accounts on April 12, 2025, meaning it added another 100 million accounts in less than a year and a half.
TRON’s growth has also been accompanied by rising transaction activity. The network has processed more than 15.2 billion transactions since its launch, while total transfer volume has passed $29 trillion.
A major part of that activity comes from stablecoins, particularly Tether’s USDT.
USDT remains central to TRON’s activity
TRON has become one of the main networks for USDT transfers.
The amount of USDT circulating on TRON exceeded $90 billion in July and reached about $94 billion in August, according to data cited by TRON and blockchain analytics sources.
TRON’s Q2 2026 report put stablecoin supply on the network at about $89 billion and stablecoin settlement volume at $2.08 trillion for the quarter. The network also recorded 1.1 billion transactions during the period, according to the report.
The network’s role in USDT settlement has made it a common route for dollar-denominated transfers, including cross-border payments.
In July, TRON DAO said the network handled about $4.2 trillion in USDT transfer volume year-to-date, citing Token Terminal data.
Low fees help drive usage
Transaction costs are another factor behind TRON’s use for stablecoin transfers.
Nansen’s Q2 2026 research on TRON found that USDT transfers on the network typically cost less than $1. The report also identified stablecoin transfers, cross-border payments and peer-to-peer activity as key uses for the network.
TRON’s transaction costs have also been reduced through changes to its network fee structure. Its lower costs make it attractive for users moving stablecoins, particularly when compared with networks where transaction fees can rise sharply during periods of congestion.
The network’s throughput also supports high transaction volumes. Nansen estimates TRON can process up to 2,000 transactions per second.
Deep USDT liquidity supports the network
TRON’s large USDT supply gives users access to significant dollar liquidity directly on the network.
As of August, TRON held more than $94 billion in circulating USDT, according to figures published by TRON DAO.
That liquidity matters because users and businesses can transfer USDT without first converting it into another asset before moving it across the network.
The concentration of USDT activity has also helped TRON establish a role in payments and settlement rather than relying mainly on trading activity.
TRON’s Q2 research found that about 93% of its stablecoin transfer volume was peer-to-peer, indicating that much of the activity involves transfers between wallets rather than exchange trading.
Account growth has accelerated
TRON’s account growth has picked up considerably since the network passed its first 100 million accounts.
It took about four years after TRON’s genesis block launched in June 2018 to reach 100 million accounts. The network crossed 200 million in December 2023 and 300 million in April 2025.
The latest 100 million accounts were added between April 2025 and August 2026.
That does not mean TRON has 400 million individual users. Blockchain accounts are addresses, and a single person or organisation can control multiple accounts.
Still, the account figure provides a measure of the number of addresses created and used across the network.
TRON is moving beyond stablecoins
While USDT remains the main source of activity, TRON is also being used for tokenised assets and other blockchain applications.
In 2026, Securitize integrated TRON for tokenised real-world assets, while Anchorage Digital added support for the network. TRON also recorded more than $28 billion in total value locked as of August, according to TRONSCAN data cited by the network.
The network’s latest milestone therefore comes as its role in digital-asset payments continues to grow.
With more than 400 million accounts, 15.2 billion transactions and nearly $30 trillion in cumulative transfer volume, TRON has become a major settlement network for stablecoins. Its low transaction costs and large USDT liquidity remain important reasons users continue to move dollar-denominated assets through the blockchain.