TRON stablecoin settlement reached $2.21 trillion in the third quarter of 2026, up 5.1% from the preceding quarter, as network activity expanded and new investment and custody services became available. The July–September figures show growing transaction demand, although average daily network fees declined.
Key Takeaways
- Quarterly stablecoin settlement increased from $2.106 trillion in Q2 to $2.2126 trillion in Q3.
- Average rolling monthly active addresses rose 9.8% to 18 million, while average daily fees fell 4%.
- The Canary Staked TRX ETF launched on September 9, alongside expanded Anchorage Digital custody and staking support.
Table of Contents
- TRON stablecoin settlement grows from the second quarter
- Address growth does not translate into higher daily fees
- ETF and custody services broaden TRX access
- Conclusion
TRON stablecoin settlement grows from the second quarter
Nansen’s third-quarter network activity data put average daily stablecoin settlement at $24.05 billion, up 3.9% from $23.14 billion in Q2. Cumulative transaction volume on TRON passed $30 trillion on September 23, 2026.
The quarterly settlement total measures transfers processed over the period, rather than the amount of stablecoins outstanding. Separately, combined USDT and USDD supply on TRON reached $93.88 billion at quarter-end, an increase of 5.5% from Q2 and 14.9% from a year earlier.
TRON DAO highlighted the quarterly findings in an October 22 update. The figures describe the network’s settlement activity; they do not establish a corresponding change in the market price of its native TRX token.
| Item | Details |
|---|---|
| Successful transactions | 1,074.8 million across Q3 2026 |
| Daily active addresses | Average of 3.72 million in Q3 |
| Highest daily transaction count | 13.40 million on July 1 |
| Lowest daily transaction count | 9.09 million on August 23 |
Address growth does not translate into higher daily fees
Average rolling monthly active addresses increased to 18 million from 16.4 million in Q2. Addresses measure blockchain activity, however, and should not be read as a count of individual people.
Network fees totaled $701.4 million during the quarter. Average daily fees fell to $7.62 million from $7.94 million in Q2, showing that growth in settlement volume and active addresses did not produce an increase in daily fee collection.
Activity also varied within the quarter: average successful daily transactions declined from 12.19 million in July to 11.33 million in August before recovering to 11.52 million in September.
ETF and custody services broaden TRX access
Canary Capital launched the Canary Staked TRX ETF, trading under the symbol TRXS, on September 9, 2026. The fund provides exposure to TRX’s spot price, with net staking rewards reflected in its net asset value.
Anchorage Digital also added native TRX staking and custody for TRC-20 assets during the quarter, extending an integration that began with custody.
These developments expand the channels available for holding and staking TRON assets. They are separate from the settlement figures and do not, by themselves, demonstrate additional investment inflows.
Conclusion
The next quarterly comparison will cover October–December 2026. The update provides no fourth-quarter settlement or fee guidance.
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