Tron news

Tron’s network grew to a record 355.4 million accounts, up 26.3% year‑to‑date, with about 240 000 new accounts added daily, while active addresses stayed steady and perpetual trading hit $1.1 billion on Dec 23. Despite the adoption boom, the TRX token slumped 16% in Q4, its worst decline since 2017, trading at roughly $0.27. Analysts cite a fundamentals‑price divergence, possible 30‑40% rally, but centralization worries and a weak market keep the price lagging.

T3 Financial Crime Unit, a crypto task force backed by Tron, Tether, and TRM Labs, has frozen $300 million in tainted assets in its first year, earning praise from law‑enforcement worldwide. Formed in late 2024, the unit tracks suspicious transactions and coordinates seizures, tackling “pig‑butchering” scams and organized‑crime networks across five continents, including a major bust in Brazil’s Operation Lusocoin. By January 2025 it had frozen $100 million, reaching $250 million by August and launching the T3+ Global Collaborator Program, which pairs exchanges such as Binance with law‑enforcement to free $6 million linked to a pig‑butchering scam.

Tron network’s daily active addresses hit a record 5.7 million, up from 5.4 million, while daily transactions reached 12.6 million, the highest since June 12, 2023, according to TRONSCAN and Nansen data. Active addresses rose 69% week‑on‑week to almost 11.1 million, the largest weekly jump among major blockchains. The growth is driven by retail use, especially stable‑coin transfers of Tether (USDT), which dominate Tron’s activity. USDT on Tron is popular in regions with limited fiat access, offering fast, low‑cost USD‑pegged transfers. Globally, Tether remains the largest stablecoin, holding about 58% market share.

Tron founder Justin Sun has launched SunPerp, a decentralized perpetual contracts exchange, during a Singapore crypto event. The platform aims to lower fees, use dark pools to hide order books, and later interoperate with Ethereum, Solana, BNB Smart Chain, and Arbitrum. SunPerp, named after the mythological Sun Wukong, is already in public beta and lets Tron users trade non‑expiration crypto derivatives for the first time, positioning itself against rivals Hyperliquid and Aster amid rising demand for decentralized trading.

TRON founder Justin Sun revealed that SunPerp’s public beta, launched in late September, drew over 7,000 users and produced roughly US$20 million in trading volume, with TVL around $24 million. The DEX is fully non‑custodial and offers sub‑second execution with automated deleveraging. Sun said the protocol will expand beyond TRON, integrating with Polygon, Aptos and Sui to tap additional liquidity pools. Early beta participants receive retroactive rewards, and the platform competes with larger derivatives DEXs by targeting TRON’s native USDT ecosystem.

Tron Inc. shares fell 85% since a June peak, part of a broader slump among crypto‑treasury firms such as MicroStrategy and Bitmine. The Nasdaq‑listed toy company dropped from $12.80 in mid‑June to its current low, with a 55% decline in September alone. Analysts attribute the drop to a cooling of hype and increased regulatory scrutiny. The downturn is linked to events involving Tron founder Justin Sun, who sued Bloomberg over disclosure of his crypto holdings and moved millions of World Liberty Financial tokens, leading to a token freeze. These developments have added to negative sentiment around crypto‑linked public companies.

PayPal is expanding its USD‑stablecoin, PYUSD, to eight new blockchains—Tron, Avalanche, Aptos, Abstract, Ink, Sei, Stable, and Stellar—via a LayerZero Stargate Hydra bridge, creating a permissionless and fully fungible variant called PYUSD0. The integration will allow users to mint, burn and transfer PYUSD0 across chains, while Stargate Hydra handles cross‑chain transfers and LayerZero manages smart‑contract deployment. Existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) are being upgraded to PYUSD0, consolidating PayPal’s presence on more networks. Despite this expansion, PYUSD remains far behind dominant stablecoins, ranking 11th in market cap at about $1.3 billion, compared to Tether’s $171 billion and USDC’s $74 billion. The move follows a projected growth of the stablecoin market to $2 trillion by 2028 and a favorable regulatory backdrop under the U.S. GENIUS Act, signalling broader adoption and cross‑border utility.

PayPal has expanded its PayPal USD (PYUSD) stablecoin to eight blockchains via LayerZero’s Stargate Hydra, creating a permissionless, fungible PYUSD0 for cross‑chain use. New links include Tron, Avalanche, Aptos, and upgrades to PYUSD0 on Berachain and Flow, while a separate rollout added PYUSD to Stellar. LayerZero will mint, burn and deploy PYUSD0, with Stargate Hydra handling transfers, building on PayPal’s support for Ethereum, Solana, Arbitrum and Stellar to boost cross‑chain use. The expansion follows forecasts that the stablecoin market could grow from $295 billion in 2023 to $2 trillion by 2028, buoyed by the GENIUS Act. Despite this, PYUSD sits 11th with a $1.3 billion cap, far below Tether and USDC, and USDT runs on 12 chains.

PayPal’s U.S. dollar‑tied stablecoin, PYUSD, has broadened its reach to nine additional blockchains, adding layers such as Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, a move announced by the interoperability protocol LayerZero through its Stargate bridge. The expansion places the $1.3 billion‑market‑cap token on the same multi‑chain ecosystem as other wrapped assets, creating new avenues for cross‑chain transfers. A recent EY‑Parthenon survey reported that roughly a third of corporate users now employ PYUSD, making it a favorite of business‑grade holders over newer stablecoins like USDe and USDS. While PYUSD is still smaller than peers such as Tether and Circle, it remains a top choice for institutional wallets. PayPal is also rolling out a peer‑to‑peer payment tool that will support PYUSD, Bitcoin, and Ethereum transfers via messaging apps. Together, these steps aim to embed the stablecoin more deeply in crypto‑payments.

US lawmakers Senator Jeff Merkley and Representative Sean Casten have written to SEC Chair Paul Atkins and division director Cicely LaMothe, urging the agency to clarify its decision to pause the enforcement case against Tron founder Justin Sun and to scrutinize the company’s July reverse‑merger IPO on Nasdaq. The letter points to Sun’s investments in Trump‑linked crypto ventures and raises concerns that the proposal “raises financial and national security risks” tied to alleged Chinese government connections. The lawmakers request that SEC standards for Tron’s listing be rigorously applied and that any settlement with Sun protects the American public. They also note that pending crypto market‑structure legislation, such as the House’s CLARITY Act and possible Senate bills, could reshape how foreign digital‑asset firms go public in the United States. The brief may prompt broader regulatory attention on similar reverse‑merger listings.