标普推出收入驱动型数字资产指数，波场TRON跻身五大核心持仓

Recently, S&P Dow Jones Indices and the globally renowned digital asset investment institution Pantera Capital jointly launched the S&P Pantera Digital Asset Index. Using observable and sustainable protocol revenue as its core screening metric, the index aims to provide institutional investors with a more systematic and transparent benchmark for digital asset allocation.

The TRON (TRX) token has been successfully included, ranking among the top five weighted constituent assets alongside Ethereum, BNB, Solana, and Hyperliquid. This further highlights its leading advantages in fundamental dimensions such as protocol revenue, network utility, and on-chain economic activity. At the same time, it serves as the best testament to TRON securing recognition from top-tier institutions, backed by over $90 billion in USDT issuance, 4 million daily active users, and robust protocol revenue.

Index Uses 'Real Revenue' as Yardstick, TRON's Fundamental Strengths Shine

Unlike previous crypto benchmarks centered on market capitalization or token price, this index introduces, for the first time, 'protocol revenue' as the core screening and evaluation dimension. This marks a shift in the valuation logic of the digital asset industry, moving from 'narrative-driven, market cap dominance' to a new phase of 'fundamentals-first, true value priority.'

Methodologically, the index selects samples from the S&P Cryptocurrency Broad Digital Asset Index. It only includes assets that meet minimum thresholds for protocol revenue, market capitalization, and liquidity. Assets are then ranked by cumulative protocol revenue over the past two quarters and weighted by adjusted market cap: the single largest holding is capped at 35%, other constituents are generally capped at 20%, and the index is rebalanced quarterly.

S&P emphasizes that this rules-based framework is specifically designed for institutional allocation, aiming to clearly distinguish 'proven, mature blockchain activity' from 'speculative exposure.' It can serve as the underlying benchmark for investment products or as a reference for actively managed portfolios.

According to the official S&P Dow Jones Indices blog, the initial launch of the index includes 18 constituent assets, with TRON (TRX) successfully securing a position among the five most significant holdings. Interestingly, under this strict 'protocol revenue first' mechanism, Bitcoin (BTC) and Ripple (XRP) became the most notable 'exclusions' compared to the broader index.

This result is highly compelling: TRON's selection was not based on hype but on its sustained, tangible, and quantifiable on-chain revenue and network usage value. As a leading global public chain, TRON has consistently ranked at the forefront of the industry in key fundamental metrics like stablecoin settlements, daily active addresses, and transaction volume. Its inclusion as a core holding by a top-tier traditional financial institution like S&P serves as authoritative validation of its network's ability to generate 'real value.'

Deepening Stablecoin Dominance and Pioneering AI, TRON Forges Global Value Transfer and Intelligent Infrastructure

The fundamental reason TRON can maintain a top position in a 'revenue-first' index lies in its absolute dominance in the global stablecoin sector and continuous technological innovation.

To date, the USDT issuance on the TRON network has surpassed the $90 billion mark, solidifying its position as the world's top chain for stablecoin settlement. In 2025, the total volume of USDT transfers processed by TRON for the year reached approximately $7.9 trillion, with daily USDT transfer volumes consistently exceeding $20 billion. Furthermore, it processed about 65% of global small-value USDT retail transfers under $1,000, firmly holding a dominant position in the small-value cross-border transfer market.

Leveraging a high-performance architecture with a block confirmation time of just 3 seconds and extremely low transfer costs, TRON has become the de facto dollar transfer channel for emerging markets like Latin America, Africa, and Southeast Asia. Simultaneously, riding the wave of the AI era, it is extending this high-throughput, low-cost settlement advantage into the field of artificial intelligence.

As AI enters the era of autonomous agents (AI Agents), traditional bank accounts struggle to meet the needs of high-frequency, micro-amount, and unauthorized settlements required by AI. With its powerful network efficiency, TRON is positioning itself as key infrastructure for the 'convergence of AI and Web3 financial systems.'

TRON has established and expanded its AI fund to $1 billion, focusing on agent identity systems, micro-payment settlement, and on-chain computing power services. Within its ecosystem, the financial infrastructure for the AI Agent era, B.AI, has pioneered an innovative scenario where AI agents can seamlessly use cryptographic on-chain wallets to pay for calls to the world's top large language models.

From supporting massive cross-border remittances for human users to providing a decentralized, high-frequency payment and resource base for AI agents, TRON has formed a powerful network flywheel effect. This ecosystem cycle, driven by real payment demand and cutting-edge AI innovation, not only generates substantial and stable protocol revenue for the network but also elevates TRON from a traditional payment channel into an intelligent value internet infrastructure for the future.

Looking ahead, with the accelerating adoption of spot ETFs, multi-asset crypto index funds, and the integrated AI+Web3 ecosystem, public chains distinguished by real revenue, network utility, and forward-thinking innovation will increasingly become the preferred choice for institutional allocation.

This inclusion in the joint index by S&P and Pantera Capital represents another authoritative confirmation from mainstream traditional finance of TRON's fundamental value and long-term prospects. Anchored by robust on-chain revenue, a vast base of real users, and innovative positioning in the AI era, TRON is steadily advancing toward the core stage of the global value internet.