Pay Protocol, a decentralized crypto wallet and payment infrastructure provider, today announced strong year-over-year growth of the TRON blockchain, increasing monthly transaction volume from $4 million in January 2025 to $20 million in January 2026.
This growth reflects the increasing adoption of Pay Protocol’s decentralized payments infrastructure by fintechs, payment processors and merchants who use USDT stablecoin payments for high-volume, low-cost settlement. Based on the company’s current transaction dynamics and onboarding activity, Pay Protocol expects to reach approximately $300 million in monthly transaction volume over the next 12 months.
As the payment business has grown, Pay Protocol has also entered the Top 10 protocols by Total Value Locked (TVL) on TRON, with current on-chain TVL exceeding $4.2 million, according to publicly available data on DefiLlama.
“This growth reflects increasing demand from retailers and fintechs for scalable, self-custodial payments infrastructure capable of supporting sustained, high-volume settlements,” said Yolanda Liu, co-founder and vice president of business development at Pay Protocol. “TRON’s low transaction fees and gas rebate support allow us to integrate with payment providers processing real volumes, making it a robust settlement layer for decentralized crypto payments.”
Enterprise Adoption Drives On-Chain Growth
Central to Pay Protocol’s expansion is its integration with enterprise payment providers entering Web3, including businesses moving from traditional payment channels to stablecoin-based settlement.
Pay Protocol’s contract-based smart wallet infrastructure allows merchants to self-custody their funds while converting operational balances to on-chain TVL. As a result, transaction growth directly translates into increased protocol usage and liquidity on TRON, as shown on Pay Protocol’s public Dune dashboard.
Large-scale operational efficiency on TRON
Operational efficiency remains a key factor in Pay Protocol’s scalability.
As of July 2025, Pay Protocol consumed approximately 789,666,038 units of energy on TRON, equivalent to 165,830 TRX (approximately $55,000), while processing $15.66 million in transaction volume. This resulted in a gas cost-to-volume ratio of approximately 0.35%, enabling cost-effective processing of high-throughput USDT transactions.
Similar efficiency levels supported continued growth in USDT payment volumes through January 2026, demonstrating TRON’s suitability for enterprise-grade crypto payments and stablecoin settlement infrastructure.
TRON Gas Rebates Support Business Growth
Pay Protocol also benefits from TRON’s gas rebate program, which helps offset operational costs and supports enterprise customer onboarding with longer sales cycles and sustained transaction volume.
By reducing friction compared to competing Layer 2 networks, TRON’s incentive structure allows Pay Protocol to focus on increasing commercial crypto payments, rather than short-term transaction spikes. As merchant adoption grows, Pay Protocol expects transaction volume and on-chain TVL to continue to increase in tandem.
About payment protocol
Pay Protocol is a decentralized crypto payments and wallet infrastructure platform designed for commercial businesses. The protocol enables USDT-based payments for products, services, and payroll via self-custodial wallets and programmable smart contracts.
Through Wallet-as-a-Service (WaaS), transparent crypto payment and on-chain settlement, Pay Protocol enables retailers and fintechs to acquire, manage, self-custody and disburse stablecoins while maintaining full control of funds. Smart contract automation enables fast, transparent and secure blockchain-native payment flows across global operations.
To learn more about decentralized crypto payments infrastructure, visit payprotocol.network or follow Pay Protocol on X @pay_protocol
About TRON
TRON is a leading decentralized blockchain protocol designed for high-throughput, scalable, and low-cost applications. The network supports over 361 million accounts and has processed over 12.8 billion transactions, making it one of the most widely used public blockchains in the world.
TRON is the dominant settlement layer for TRC-20 USDT, providing fast transaction finality and low fees. The ecosystem includes TRONSCAN for blockchain mining, JustLend DAO for decentralized lending, SunSwap for token trading, and community governance through elected super representatives.
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