Tron Inc. (NASDAQ:TRON) is the publicly-owned company with the largest holdings of Tron (TRX) tokens, ceremonially visited Times Square’s Nasdaq Marketsite on Thursday, marking a major milestone. Justin Sun, Tron founder and global advisor to the company, rang the opening bell and signaled a new chapter for the blockchain company.
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In line with the event, Tron released its second quarter revenue report, revealing robust growth across key metrics. Tron’s market capitalization jumped to $26.5 billion, a quarterly (QOQ) 17% (QOQ), while revenue jumped to 20.5% QOQ, reaching $999 million. The report shows a growing institutional interest and an increase in the adoption of the Tron ecosystem at a time when the broader crypto market is facing mixed sentiment.
As the blockchain sector matures, Tron’s aggressive expansion and a strong foundation blend appears to position the company favorably in both retail and institutional investors’ eyes. This double milestone (market debut and strong second quarter performance) has led Tron to send a clear message.
Tron reports that DEFLSARY TRX Supply records the growth of Stablecoin on Q2
Tron’s Q2 report highlights a deflationary shift in TRX supply, along with strong network growth and Stablecoin domination. TRX’s circular supply has dropped from 95 billion tokens, an annual inflation rate of approximately -1.8% to 94.8 billion tokens. This shows a slightly higher inflation rate than Q1’s -1.6%, but refers to deflationary pressure on TRX, strengthening its value proposition amid wider market uncertainty.
Network activity also showed solid growth over the quarter. Daily average trading increased 12.6% quarterly (QOQ), up from 7.7 million to 8.6 million, while daily active addresses rose from 2.4 million to 2.5 million to a 5.9% QOQ. These metrics suggest an increase in user engagement and an increase in utility across the Tron ecosystem.
Stablecoin activity remains the basis for network success. Tron’s Stablecoin’s market capitalization surged at a QOQ of 22.2%, rising from $66.2 billion to an all-time high of $8.9 billion. Tether (USDT) continues to dominate, accounting for 99.2% of Tron’s Stablecoin supply. By the end of the second quarter, Tron’s USDT market capitalization reached $80.3 billion, an increase of 22.2% from the previous quarter. In particular, Tron currently distributes 50.6% of all USDTs, highlighting its role as a major blockchain for Stablecoin activity.
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TRX Prices Over Major Support
Despite recent market volatility, Tron (TRX) has shown resilience following its strong second performance, stabilizing its key support levels. As of the latest 8-hour chart, the TRX was trading at $0.3163, an increase of 0.48% that day. After hitting a local high of nearly $0.34 earlier this month, the TRX experienced a mild pullback, but has since been stable and is now integrated in a tough range.
Price action remains bullish, with the TRX above average moving over 50 days ($0.3084), 100 days ($0.2935), and 200 days ($0.2840). This shows strong medium-term and long-term momentum. Recent bounces from the 50-day MA suggest that buyers are actively defending their short-term support zones, strengthening the overall uptrend.
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Breakouts above the $0.32-$0.325 zone could indicate a push to retest the $0.34 height. Failure to hold past 50 days of MA could open the door to a retest of a psychological level of $0.30. For now, bias remains cautiously bullish.
Dall-E special images, TradingView chart
