Tron beats Ethereum with $23.4B daily USDT transfers – Details

• Tron surpassed Ethereum in USDT volume and fees, becoming the leading stablecoin payments network.
• TRX gained over 10% in May as investors forecasted network growth and rising adoption.

The race to dominate the stablecoin economy intensifies, and Tron [TRX] has quietly emerged as a powerhouse.

With a staggering $23.4 billion in daily USDT transfer volume and over 2.4 million transactions, Tron has officially surpassed Ethereum [ETH] as the leading stablecoin payments layer.

While Solana currently leads in overall network revenue, Tron’s rapid growth shows a shift – one where speed, cost-efficiency, and accessibility may be changing the future of digital payments.

Tron: The leading network for transactions

A recent report by CryptoQuant has revealed that Tron has solidified its position as the top blockchain for USDT activity, both in terms of supply and transaction volume.

Source: CryptoQuant

With over 283 million USDT transfers processed in 2025 alone, the network has become a critical infrastructure layer for stablecoin-based payments.

Source: CryptoQuant

TRON now holds a USDT supply of $75.8 billion, surpassing Ethereum. It also consistently processes higher daily transaction volumes, recently hitting a record $23.4 billion.

With an average of 2.4 million transactions per day, TRON’s growing adoption in retail and cross-border payments is evident. This surge is largely driven by its low fees and greater accessibility compared to legacy blockchain networks like Ethereum.

Tron is gaining steam

Source: X

Tron’s consistent lead in transaction count and USDT volume is now translating into growing network revenue.

TRX eyes higher ground

Tron’s expanding dominance in the stablecoin space appears to be lifting its native token, TRX. Over the past two weeks, TRX has climbed steadily.

The token was trading at $0.272 at press time – up over 10% in May. The RSI was at 66.21, nearing overbought territory, hinting at strong bullish sentiment.

Source: TradingView

A bounce from recent consolidation suggests that investors are beginning to price in TRX’s growing relevance. If momentum continues, a breakout above $0.28 could open doors to multi-month highs.