The TRON Network has reached 355 million accounts by Q4 2025, marking a substantial 26.3% year-on-year increase in user adoption. This growth comes despite TRX, the network’s native token, experiencing its steepest fourth-quarter price decline since 2017.
Network metrics demonstrate broad user expansion throughout 2025, with Coinbase data confirming TRON surpassed 355 million accounts by Q4. The network has become a preferred platform for stablecoin transactions, with over $80 billion of USDT circulating on TRON by Q4 2025.
More than 1 million wallets transact USDT daily on the network, representing approximately 28% of all active stablecoin addresses globally. One notable achievement is that TRON moved about $23 billion in USDT daily during 2025, a throughput exceeding Ethereum for USDT transaction volume. These statistics indicate high payment and settlement activity, reinforcing TRON’s growing utility for liquidity routing and stablecoin operations.
The contrast between rising on-chain stablecoin activity and daily transaction volumes versus the token’s price performance highlights a divergence between network utility and market valuation, influenced by broader macro and liquidity pressures.
TRX Price Performance and Market Outlook
Despite the network’s adoption surge, TRX posted a 16% loss in Q4 2025, marking its worst quarterly decline since 2017. This downturn has been attributed to several macro factors, including U.S. interest-rate increases, regulatory developments, and reduced market liquidity.
The broader cryptocurrency market also experienced contraction, with total crypto spot volume declining approximately 31.32% over the period, amplifying downside pressure on altcoins like TRX. Analyst forecasts vary significantly, with consensus projections ranging from $0.178 to $0.73 for 2025, and average estimates between $0.26–$0.35.
More conservative models suggest a narrower end-of-year range near $0.20 to $0.25, with a possible intra-year peak approaching $0.50. Long-term scenarios present more optimistic targets of $1, $5, or $10 by 2030, contingent upon improved adoption and macro conditions.
TRON’s high on-chain activity establishes it as a prominent stablecoin settlement layer, potentially reducing friction for institutions and treasury operations. However, the divergence between network usage and token performance highlights decoupling risk, where token valuations may lag behind utility gains when macro liquidity and regulatory uncertainty dominate market sentiment.
Persistent concerns about network centralization remain a potential obstacle for institutional adoption and could attract increased regulatory scrutiny.
