Messari reported that Tron recorded all-time highs in stablecoin supply and network activity during the second quarter, while DeFi and decentralized exchange activity declined. According to a Messari report, USDT accounted for 98.5% of Tron’s stablecoin market, which grew 4.1% quarter-over-quarter to a record $89.2 billion. Average daily USDT transfer volume also returned to growth, rising 4.3% to $22.8 billion after declining in the first quarter. Tron averaged 11.8 million daily transactions during the quarter, up 8.7%, while average daily active addresses increased 11.7% to 3.6 million. TRX supply also remained inflationary despite higher activity, with circulating supply increasing by 87 million tokens during the quarter as issuance continued to outpace burns.