TRON has surpassed 413 million total accounts, as the blockchain continues to record millions of daily active addresses and steady transaction growth despite weaker activity across parts of its decentralized finance ecosystem.
Summary
- TRON surpassed 413 million total accounts on November 8, with founder Justin Sun highlighting the milestone on November 10.
- The network averaged 4.52 million daily active accounts and 11.83 million transactions over the past 30 days, with transaction activity growing 2.51%.
- USDT transfers on TRON averaged approximately $24.86 billion per day over the past month, up 2.4% from the preceding period.
- TRON’s DeFi total value locked fell to approximately $4.96 billion, while decentralized exchange trading volume declined 73.68% over seven days.
According to a November 8 announcement from blockchain explorer TRONSCAN, the network’s cumulative account count crossed the milestone, which TRON founder Justin Sun highlighted in a November 10 X post.
The milestone comes as TRON continues to handle substantial stablecoin transfers, although its latest network figures show a more mixed picture of growth over the past month.
Data from TRONSCAN showed that the blockchain had more than 413.5 million accounts as of November 10, with approximately 173,000 new accounts added over the preceding 24 hours.
The cumulative figure represents blockchain accounts created since the network’s launch, not the number of individual users. A single person or organization can operate multiple addresses.
TRON daily active accounts average 4.52 million
While the total account count has continued to climb, TRON’s active account data shows that the network averaged approximately 4.52 million daily active accounts over the past 30 days.
Daily activity crossed 5 million on November 5 and November 6 before falling to 4.45 million on November 7. The figure recovered to 4.84 million the following day.
TRONSCAN counts accounts with transfer records during the reporting period, including wallet and contract accounts.
Transaction activity has remained relatively stable over the same period, with the network processing an average of 11.83 million transactions per day.
According to its transaction statistics, the 30-day transaction count grew 2.51% compared with the preceding period.
On November 9, TRON processed 12.99 million transactions, including approximately 4.79 million TRX transfers and 2.3 million USDT transfers.
Another 3.66 million transactions involved resource delegation and reclamation, accounting for 28.15% of the day’s total.
Resource delegation allows TRON users to allocate network resources to other accounts, helping them execute transactions without directly paying the full cost in TRX.
Stablecoin transfers remain a major source of TRON activity
Stablecoin transfers continue to account for a substantial portion of activity on TRON, particularly through Tether’s USDT.
TRONSCAN’s latest USDT statistics put average daily transfer volume at approximately $24.86 billion over the past 30 days, up 2.4% from the preceding period.
The number of accounts transferring USDT averaged roughly 1.05 million per day, an increase of 1.8% over the same comparison period.
TRON’s position in the stablecoin market strengthened during the third quarter, when it overtook Ethereum in USDT supply.
According to Token Terminal’s quarterly figures, TRON held an average of $90.75 billion in USDT, compared with Ethereum’s $87.73 billion.
The network processed approximately $2.18 trillion in stablecoin transfers during the quarter, while monthly active addresses averaged 17.81 million.
Separate research from Nansen put quarterly stablecoin settlement at $2.21 trillion, up 5.1% from the previous three months.
As previously reported by crypto.news, Binance and OKX accounted for considerable transaction activity among exchanges identified by Nansen, although the research did not separate exchange transfers from other payment activity by dollar value.
TRON DeFi liquidity falls despite account growth
Despite continued account growth, TRON’s decentralized finance ecosystem has recorded a decline in locked liquidity over the past month.
According to DefiLlama, the network had approximately $4.96 billion in DeFi total value locked as of November 10, compared with roughly $5.58 billion on October 12.
The figures represent a decline of approximately 11% over that period, with TVL falling below $5 billion in early November.
Meanwhile, TRON’s stablecoin market capitalization stood at approximately $94.16 billion, with USDT accounting for 97.9% of the total.
Decentralized exchange activity has weakened more recently, with DefiLlama recording approximately $389.46 million in trading volume over seven days, down 73.68% from the preceding week.
Network revenue has faced pressure as well. TRON’s third-quarter financial figures showed that transaction fees totaled approximately $701.4 million, down 4% from the previous quarter.
The network’s average transaction fee fell to approximately $0.64 during the quarter, according to Token Terminal, while the total transaction count remained above 1 billion.
