Hi everyone, I'm Justin, founder of Tron. Thank you for inviting me to participate in the Indonesia Blockchain Week. It's always great to be back. As a founder, I have always believed that technology should create opportunity for everyone. Over the past year, we have seen real progress in how AI, blockchain, and tokenized solutions are moving from ideas into tools that people use every day, especially in fast-growing markets like Indonesia. These technologies are opening access to finance, digital services, and global participation in ways we have never seen before. Today, I want to share how these trends are taking shape across the Tron ecosystem and how they are helping drive more inclusive and sustainable growth as we look toward the rest of 2025 and beyond.
Tron hosts more than 350 million user accounts on the blockchain today, with over $22 billion in total value locked across the ecosystem. On average, Tron processes over 10 million transactions daily, and there are over 3 million daily active accounts on the blockchain. In the past two quarters, Tron achieved close to $1 billion in quarterly protocol revenue, representing the network's highest revenue to date. In August, Tron's community governance approved a 60% reduction in energy fees. This is the largest fee reduction since the inception of the Tron network. More users will expect fast and low-cost transactions, which means scalability will matter more than ever. Tron will continue to evolve to be ahead of people's needs.
Beyond the core network, what truly drives Tron forward are the projects and the apps in the ecosystem. Recently, JustLend DAO has completed the first round of JST buyback and burned 30% of DAO revenue on chain. That is 559 million JST tokens valued at over $17 million. The burn directly reduced the total JST supply by 5.66%. The remaining over $41 million in DAO earnings has been deposited into the JustLend DAO's SBM to USDT market to be used for buyback and burn operations in subsequent quarters. The JST TVL just hit 6.22 billion, with the supply standing at $3.7 billion. Also, SunX launched on Tron this summer. SunX is the first decentralized perpetual exchange on Tron. The total trading volume recently surpassed $9.5 billion and recently hit an all-time high of $640 million in a single day trading volume.
Another big milestone we saw in the past quarter is with WBTC, which has been natively deployed on Tron with over $10 million in BTC liquidity, lifting WBTC's market cap close to $16 billion. Across all areas, there is a lot of momentum in the Tron ecosystem. It has become one of the most active and widely used blockchain networks in the world. One of the key drivers of this activity is stablecoins. Tron continues to lead global flows of stablecoins by volume at 48%. First, USDD is a fully decentralized stablecoin pegged to the US dollar. The total supply of USDD exceeds $600 million, with over $639 million in protocol TVL across Tron, Ethereum, and BNB. Second, PayPal USD has been launched on Tron, and today, Tron is the number one among all blockchain networks for USDT total transaction volume and daily active users. Tron hosts more than $77 billion in circulating supply of USDT. More than three out of every four USDT transfers now move through Tron. Stablecoins are one of the clearest examples of real-world adoption in crypto, driving everything from payments to remittances.
As adoption grows, we all need to think about how to strengthen the integrity of the broader crypto ecosystem. One year ago, Tron, Tether, and TRM Labs announced the launch of the T3 Financial Crime Unit, also known as the T3 FCU. And recently, we announced the launch of T3+. T3+ is a global collaborator program designed to expand public-private collaboration to combat illicit activities on the blockchain. We welcomed Binance as the program's first official member. In under one year, T3 FCU has frozen over $300 million in criminal assets across almost all continents. This impressive milestone shows that blockchain technology has the power to protect as much as it empowers.
Collaboration has always been the foundation of innovation, and the integrations across our ecosystem reflect the strength of working together toward shared goals. Key integrations and collaborations with industry leaders like Chainlink, MetaMask, Near, Debank, Kraken, Mii, The Graph, and Ledger, and many more have all contributed to the Tron network's success and progress. There are many new initiatives and integrations underway, so please stay tuned. As blockchain technology continues to advance, Tron remains committed to cultivating new talent, promoting collaboration, and broadening access to blockchain education.
Tron DAO recently announced collaborations with Columbia University and Harvard University blockchain clubs. These initiatives extend our academic network, which already includes collaborations with world-class universities such as Imperial College London, Yale University, Dartmouth College, Princeton University, MIT, Cornell University, and the University of California, Berkeley. Education is one of the strongest foundations for inclusive growth in the digital economy. As AI, blockchain, and tokenized solutions continue to evolve, the next generation will define how these technologies are applied in the real world. Our responsibility is to make sure they have the skills, access, and opportunities to build responsibly and inclusively. By focusing on education and hands-on learning, we are empowering future leaders to turn innovation into real impact and bring these technologies to communities around the world.
