Research shows that Tron Protocol generated $822 million in fee revenue in the first quarter of 2026, second only to HyperliquidX. The market value of USDT on the network exceeded $85 billion in March, accounting for over 46% of the global USDT supply, despite an overall contraction in market size. (CoinDesk)
Tron Protocol Q1 2026 fee revenue reaches $82.2M, ranking second behind HyperliquidX
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Summary
The Tron protocol update shows Q1 2026 fee revenue at $82.2 million, placing it second behind HyperliquidX. The USDT market cap on Tron reached $85.1 billion in March 2026, accounting for over 46% of the global supply. Market news indicates this growth occurred even as the broader crypto market contracted.
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