The network uses Delegated Proof of Stake (DPoS). $TRX holders stake tokens to vote for 27 Super Representatives, who produce blocks and vote on network changes. The elected set updates every six hours, and blocks arrive about every three seconds.
How Much Did TRON Earn In Fees In Q3 2026?
TRON generated $701.4 million in network fees during the quarter:
- July: $234.6 million
- August: $231.3 million
- September: $235.5 million
Daily fees averaged $7.62 million, down 4.0% from $7.94 million in Q2. The average transaction fee fell from $0.668 to $0.643. Daily transactions rose just 0.28%, so lower fee levels, not fewer transactions, drove the dip.
TRON charges for two network resources. Bandwidth covers the data size of every transaction, and Energy covers smart contract execution. Users can get both by staking $TRX. When they run out, the network burns $TRX to cover the cost.
Network Activity And Usage
Activity held steady, while the user base widened.
Transactions And Addresses
- Transactions: About 1.10 billion, flat from Q2 and about 33.7% above Q3 2025’s 0.82 billion
- Monthly active addresses: 18 million, up 9.8% from 16.4 million
- New addresses: 178,641 per day on average, down 3.5% from 185,200
- Average block size: 95,464 bytes, down 0.8% from 96,228 bytes
More active addresses alongside slower address creation suggests that existing addresses were used more. These figures count addresses, not unique people.
How Did TRON’s Stablecoins Grow?
Combined $USDT and $USDD supply reached $93.88 billion, adding $4.88 billion from Q2. That is 14.9% above Q3 2025’s $81.70 billion.
Stablecoin settlement, the total value moved, reached $2.21 trillion for the quarter, up 5.1% from $2.106 trillion. Average daily settlement rose 3.9% to $24.05 billion.
DeFi And Total Value Locked
TRON’s total value locked (TVL), including staking, rose 0.2% to $28.21 billion. That was the third straight quarterly gain and 17.2% above Q4 2025’s $24.08 billion, though growth slowed from 8.3% in Q2. TVL excluding staking, or DeFi TVL, was $13.05 billion.
The largest projects by TVL were:
- $TRX Staking: $15.31 billion
- JustLend DAO: $7.36 billion
- Just Cryptos: $2.79 billion
- $USDD: $2.25 billion
- $SUN.io: about $660 million
What Happened To $TRX Supply?
The network minted 360.2 million $TRX and burned 234.5 million, for net issuance of 125.8 million $TRX. Burns offset 65.1% of new supply. Circulating supply was about 94.9 billion $TRX.
Total staked $TRX slipped 0.1% to 45.71 billion. Of that, 18.87 billion went to Energy and 26.84 billion to Bandwidth. The staking ratio edged down from 48.23% to 48.16%.
Developer Activity
Code commits reached 654, down 4.5% from Q2 but 70.8% above Q3 2025’s 383. The average count of core developers fell 20.0% to 18.77.
Contract deployments fell 11.0% to 380,200, while deploying addresses rose 8.8% to about 11,100. Token Terminal counts deploying addresses, not individual developers.
Which New Partners Joined TRON In Q3?
TRON added partners across custody, trading, and payments.
Institutions And Trading
- Canary Capital launched the Canary Staked $TRX ETF (TRXS) on September 9. It tracks $TRX’s spot price, and net staking rewards are reflected in the fund’s daily net asset value. TRON DAO rang the Cboe closing bell in Chicago on September 29.
- Anchorage Digital added $TRX staking and custody for TRC-20 tokens.
- Bitnomial launched $TRX futures, and Backpack added $TRX spot and perpetual trading.
- Ethena brought USDe and sUSDe to TRON, and Ducat linked its Bitcoin-backed products to TRON’s stablecoins.
Payments, Wallets, And Tools
- MoonPay introduced transactions that do not require holding $TRX for fees, launching first with Trust Wallet.
- Bitcoin.com Wallet added $TRX and $USDT-TRC20.
- MetaMask connectivity reached B.AI, $SUN.io, JustLend DAO, and BitTorrent.
- Fireblocks Flow added payments from TRON wallets.
- OpenZeppelin brought its smart contract libraries and security tools to TRON.
Eco, STON.fi, KiiChain, and Privy also added cross-chain, payment, and wallet features.
How Decentralized Is TRON?
TronScan counted 5,339 nodes across 91 countries and regions. The United States hosted 1,299 (24.33%), Germany 699 (13.09%), and Singapore 435 (8.15%). More than half of all nodes sit outside those three countries.
Poloniex led Super Representative voting with 11.42%, followed by TRONALLIANCE at 7.12% and Abra Capital Management at 6.71%. The top five held 37.1% of votes. All 27 representatives produced 99.37% to 100% of their scheduled blocks.
Proposal 107 And Passkeys
The quarter’s main governance vote was Proposal 107, approved by 25 of 27 Super Representatives. It activated features from the GreatVoyage v4.8.2 “Pyrrho” upgrade, bringing the TRON Virtual Machine closer to Ethereum’s execution environment.
The key addition is support for secp256r1 signatures. This lets smart contracts verify signatures created by device security systems such as Apple’s Secure Enclave and Android Keystore. Wallets can then let users approve transactions with a fingerprint or face scan, known as passkeys.
Conclusion
TRON ended Q3 2026 with $93.88 billion in stablecoins, 18 million monthly active addresses, and $28.21 billion in TVL. It processed $2.21 trillion in stablecoin settlement and earned $701.4 million in fees. New ETF access, institutional custody, and passkey support broadened how users and institutions can hold and use $TRX.
- TRON DAO: State of TRON Q3 2026 report (data from TronScan and Token Terminal)
- GlobeNewswire: TRON DAO Celebrates Canary Staked $TRX ETF (Ticker: TRXS) Debut With Cboe Closing Bell in Chicago
- TRON Developer Hub: TRON Bandwidth and Energy
- CoinGecko: TRON price and market cap
