TLDR
Tron has overtaken Ethereum as the leading platform for USDT transactions $75.8 billion in USDT circulates on the Tron network with daily transaction volume of $23.4 million Tron processes 2.4 million USDT transactions daily compared to Ethereum’s 284,000 TRX is trading at around $0.27, with resistance at $0.28 before a potential breakout to $0.30 Analysts predict continued growth as Tron’s stablecoin dominance increasesTron (TRX) has emerged as a dominant force in the stablecoin space over the past two weeks, challenging major players like Ethereum and Solana. Currently trading at approximately $0.27, TRX is showing signs of a potential breakout to the $0.30 mark as the network continues to gain traction in the crypto ecosystem.
The most striking development is Tron’s rise to become the leading platform for USDT (Tether) transactions.
According to data from CryptoQuant, users now prefer the Tron network over Ethereum for transferring USDT, marking a major shift in stablecoin activity.
TRON > Ethereum for USDT
TRON now leads stablecoin activity:
– $75.8B USDT supply
– $23.4B daily volume
– 2.4M daily txs vs ETH’s 284k
Stablecoin crown secured. pic.twitter.com/kEnMzGN8a1
— CryptoQuant.com (@cryptoquant_com) May 19, 2025
The numbers tell a compelling story. The total USDT circulating on the Tron network has reached an impressive $75.8 billion, making up a large portion of all USDT in circulation. Daily transaction volume on the network stands at $23.4 billion, highlighting the extensive use of USDT for payments, transfers, and trading activities on Tron.
This shift represents a major change from earlier this year. At the end of Q1, Ethereum held 58% dominance in the $200 billion stablecoin market, while Tron had just 31%. The recent flip suggests a substantial migration of stablecoin liquidity away from Ethereum.

TRX Price
Transaction Volume and Network Activity
One key factor driving users to the Tron network appears to be its efficiency advantages. Lower transaction fees and faster settlement times make it an attractive alternative to Ethereum for stablecoin transfers.
The gap in daily transaction volume is particularly telling. Tron processes around 2.4 million USDT transactions per day, dramatically outpacing Ethereum’s 284,000 transactions. This high volume creates constant demand for TRX tokens, which are used to pay transaction fees on the network.
This increased network activity and fee generation could serve as a catalyst for TRX price growth. At press time, TRX was trading slightly up by 0.23% at $0.2656, after reaching a peak of $0.268 as it tests resistance on the way to $0.30.
Investor interest remains strong, with trading volume up 26.62% to $828.2 million. If this momentum continues, prices could push toward the $0.30 and even $0.35 range. However, TRX must first overcome the $0.28 resistance level to confirm a breakout.
The current sideways trend has established support at around $0.27. Technical indicators like the Relative Strength Index (RSI), currently at about 66, suggest a possible pullback may occur before any sustained upward movement. If support breaks, TRX could drop to $0.244.
Tether’s Growth and Its Impact on Tron
The performance of USDT on the Tron network has sparked bullish predictions from crypto analysts. Willy Woo, a well-known figure in the crypto space, commented on Tether’s growing U.S. Treasury holdings, which are now surpassing Germany’s.
Woo predicted that “Tether will likely be the #1 holder of U.S. treasuries” as the crypto market expands. Since Tether backs a large portion of its stablecoin reserves with U.S. Treasuries, a booming crypto market with increased demand for USDT would require Tether to purchase more treasuries.
If Tron maintains its position as the preferred network for USDT transactions, demand for TRX will likely increase as more users need it for transaction fees. This relationship between Tether’s growth and TRX demand creates a positive feedback loop that could drive price appreciation.
Looking ahead to 2025, projections for TRX are optimistic. With continued development in the Tron ecosystem—particularly features like gas-free transactions—analysts expect stronger utility and adoption. Some forecasts suggest the price could climb above $0.70 and potentially reach $0.73 by the end of 2025.
However, if market conditions turn bearish, Tron’s value might retreat to around $0.39. The average price projection for 2025 sits near $0.56, assuming stable market conditions and ongoing development progress.
TRX is still trading approximately 38% below its all-time high of $0.44, which was reached in December 2024.
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