Tron is making headlines in the crypto world, not just for its rapid growth but for becoming the largest network for Tether (USDT) transactions, outpacing even Ethereum. In 2025, Tron has solidified its position as the go-to blockchain for stablecoin transfers, attracting both retail users and major crypto whales thanks to its low fees and robust infrastructure.
Tron’s USDT Dominance: What’s Fueling the Surge?
• Record-Breaking USDT Supply: Tron now hosts over $77.7 billion in USDT, surpassing Ethereum’s $73.2 billion. This makes Tron the top network for Tether, with USDT accounting for more than 99% of its $79 billion stablecoin market cap. For context, USDC, the next largest stablecoin, trails with a $60.9 billion market cap.
• Whale Activity on the Rise: On-chain data shows a significant uptick in large transactions. In May alone, over $694 billion in USDT was transferred through 89.33 million contract interactions. Notably, transactions exceeding $1 million—typically associated with whales—made up 65% of the monthly volume, totaling more than $455 billion.
• Low Fees, High Volume: Tron’s appeal lies in its minimal transaction costs, making it attractive for both everyday users and institutional players. This efficiency has led to more than 10.5 billion transactions processed since the network’s launch, with daily transaction counts averaging over 6 million in 2025 .
Network Growth and Market Impact
• Stablecoin Innovation: Tron’s dominance is further cemented by the recent launch of new stablecoins, including USD1 by World Liberty Financial, and a series of large USDT mints—over 17 mints of more than $1 billion each in 2025 alone .
• Price Movements and Investor Sentiment: Despite the network’s growth, TRX, Tron’s native token, has faced recent price corrections. After failing to break the $0.30 resistance, TRX pulled back to around $0.28, with technical indicators suggesting potential further downside to $0.26. However, a close above $0.28 could signal renewed bullish momentum 3.
• Broader Crypto Context: The surge in whale activity on Tron mirrors broader market trends, where large holders are increasingly shaping the dynamics of major blockchains. This strategic accumulation and movement of assets reflect growing confidence in the long-term utility of networks like Tron and Ethereum 5.
Monthly contract interactions and value transferred. Source: CryptoQuant
Why Tron Matters for Crypto Payments
Tron’s rise as the leading USDT network is reshaping how stablecoins are used for payments and settlements. Its combination of high throughput, low fees, and growing institutional adoption positions it as a key player in the evolving digital asset landscape. As more users and whales flock to Tron, its influence on the stablecoin market and broader crypto ecosystem is set to grow.
