孙宇晨:Messari报告印证波场TRON稳定币霸主地位

Core Insights - Messari's report highlights TRON as a key observation for 2026, recognizing its leadership in the stablecoin sector and its historical breakthroughs in network efficiency, ecological innovation, and global application penetration [1][9] Group 1: Global Payment Network - TRON's success is attributed to its underlying technology, which emphasizes high throughput and cost efficiency, enabling near-zero transaction fees and second-level transaction confirmations [3] - In 2025, TRON processed an average of 9 million transactions daily, with active addresses ranking among the top three in the industry, significantly surpassing similar public chains [3] - As of Q3 2025, the circulating USDT on TRON exceeded $82 billion, accounting for over 50% of the global USDT supply, with a daily transfer volume reaching $24 billion, particularly in emerging markets [3] Group 2: DeFi Ecosystem Development - TRON's ecosystem is evolving from a single stablecoin hub to a diversified financial infrastructure, with significant developments in DeFi through protocols like JustLend and SunSwap, achieving a Total Value Locked (TVL) of over $7.5 billion [4] - Collaborations with Chainlink enhance the security of on-chain smart contracts, while partnerships with MetaMask and PayPal USD bridge traditional finance and the crypto ecosystem [4] - The native stablecoin USDD has surpassed a market cap of $400 million, with a 25% increase in holding accounts, reinforcing TRON's diversified presence in the stablecoin market [4] Group 3: Financial Performance and Market Impact - In Q2 2025, TRON's quarterly revenue approached $1 billion, with cumulative burn revenue exceeding $300 million, outperforming competitors like Ethereum and Solana [6] - TRON's daily active addresses reached 2.5 million, with a user base exceeding 330 million, maintaining its position as the third-largest public chain globally [6] - Institutional recognition is growing, with Canary Capital submitting an ETF application for TRON, indicating traditional capital's acceptance of TRON's staking yield model [6] Group 4: Regulatory Compliance and Market Penetration - In a tightening regulatory environment, TRON prioritizes compliance as a long-term strategy, having partnered with mainstream payment institutions in 35 countries [7] - In countries like Argentina and Brazil, TRON's on-chain USDT serves as a core tool for residents to hedge against inflation, addressing local financial service pain points [7] - TRON's dual strategy of "technology empowerment + compliance first" enables it to establish a foothold in emerging markets while gradually penetrating developed financial markets [7] Group 5: Future Opportunities - The acceleration of stablecoin regulation presents TRON with greater opportunities, positioning it as a core pillar of the stablecoin economy [9] - TRON is evolving from a blockchain technology testing ground to a digital foundation catering to the daily financial needs of billions globally, impacting payment settlements and asset digitization [9]