Binance holds 60% of all TRON-based USDT transfers on centralized exchanges, counting over $600 million every day.
More than a half percent of the USDT trading volume is concentrated around TRON-based one would note increased institutional usage and active liquidity pursuits.
The fact that one exchange controls activity endows potential dangers to stability as well as the fact that centralized solutions still figure largely.
In a recent market shift underscored by fresh blockchain data, Binance has emerged as the dominant platform for TRON-based USDT transfers. According to new market data, Binance manages about 60% of all Tether (USDT) transactions on the TRON blockchain using central exchanges. This overwhelming lead suggests a substantial concentration of activity on a single platform, with implications for market liquidity, volatility, and institutional involvement across the broader cryptocurrency landscape.
https://twitter.com/MasterCryptoHq/status/1921777005969670501 Market Share Concentration Shifts Liquidity Landscape
An analysis of centralized exchange data over the last five years shows Binance’s steady rise in handling TRON-based USDT transactions. As of 2025, Binance processes over $600 million in daily USDT volume on the TRON network. This figure now surpasses the combined totals of all competing exchanges, including Bitfinex, OKX, KuCoin, Bybit, and others.
The chart also shows the increase in the market share of Binance as it overtook several exchanges with significant volumes in 2020 and 2021. So far booming exchanges like OKX and KuCoin have reduced the overall volume of their contributions, while ProBit, MEXC and Bitget still maintain a relatively minor share in the area.
Institutional Activity and Flow Patterns Raise Market Signals
Industry observers suggest that the volume of TRON-based USDT transfers—largely centered on Binance—could reflect growing interest from institutional actors. As noted, frequent transfers of stablecoins have been found to be frequent with arbitrage, activities from trading desks, transfers of capital between the major world financial centers. The fact that there is an anonymous daily turnover in the hundreds of millions points to a greater undercurrent than retail trading.
Increased dependence on USDT in transactions could cause price/volatility actions to change in major trading markets. The aggregation of trading into a single platform may have the possibility of intensifying the way markets react to periods of heightened stress or turmoil. Analysts continue to be interested in understanding whether such dominance might generate systemic issues or enhance liquidity efficiency.
Broader Market Impact and Centralized Exchange Influence
The current state of TRON-based USDT usage highlights the central role centralized exchanges still play in crypto markets, despite ongoing trends toward decentralization. The leadership of Binance in the industry continues to be a player that has a profound impact on the key aspects of crypto liquidity, especially stablecoin transactions.
Even with the strong surge of decentralized finance (DeFi), central platforms remain pivotal bridges that promote significant financial transactions. The progression of this development triggers questions about both the regulatory oversight and the technical stability that may affect platforms carrying high transaction volumes.
