According to PANews, the 30-day average transfer volume of USDT across major blockchains has steadily increased since early 2022, reaching $5.29 billion, indicating a gradual recovery in stablecoin market activity.
As of July 30, 2025, the distribution of USDT transfer volumes across various blockchains is as follows: Tron leads with $23 billion, followed by BNB Chain at $14.9 billion, Ethereum at $13.3 billion, Ton at $94.7 million, Optimism at $60.4 million, Solana at $78.04 million, and Arbitrum at $63.83 million.
From January to May this year, Tron dominated USDT transfer volumes with over 55% share, while Ethereum accounted for more than 27%. However, since May, BNB Chain has surpassed Ethereum, now holding over 30% of the transfer volume share.
