Tron has outperformed Ethereum in terms of USDT volume and fees, becoming the leading stablecoin payment network.
TRX recorded a rise of over 10% in May as investors anticipate network growth and increased adoption.
As competition for dominance in the stablecoin economy intensifies, Tron [TRX] has quietly emerged as a driving force.
With an astonishing daily transfer volume of $23.4 billion in USDT and over 2.4 million transactions, Tron has officially surpassed Ethereum [ETH] as the leading stablecoin payment network.
While Solana currently leads in total network revenue, Tron's rapid growth signifies a radical shift, as speed, cost-effectiveness, and accessibility may reshape the future of digital payments.
Tron: The leading transaction network
A recent report from CryptoQuant revealed that Tron has solidified its position as the top blockchain platform for USDT activity, in terms of supply and transaction volume.
Tron
Source: CryptoQuant
With over 283 million USDT transfers processed in 2025 alone, the network has become a vital infrastructure layer for stablecoin-based payments.
Tron
Source: CryptoQuant
Tron now holds a USDT supply valued at $75.8 billion, surpassing Ethereum. It continuously processes higher daily transaction volumes, recently reaching a record $23.4 billion.
With an average of 2.4 million transactions per day, the increasing use of Tron in retail and cross-border payments is evident. This significant rise is largely attributed to its low fees and accessibility compared to traditional blockchain networks like Ethereum.
Tron is gaining momentum
While Solana [SOL] continues to dominate total network revenue, Tron has seen a noticeable surge. The network outperformed Ethereum, generating fees of $13.1 million between May 12 and 18.
Tron
Source: X
Tron's continuous advancement in transaction numbers and USDT trading volume translates to growth in network revenue.
TRX looks towards higher prospects
Tron's increasing dominance in the stablecoin space appears to enhance the value of its native token, TRX. Over the past two weeks, TRX's price has steadily risen.
The token price was $0.272 at the time of publication - an increase of over 10% in May. The relative strength index was at 66.21, approaching the overbought territory, indicating a strong bullish trend.
Tron
Source: TradingView
The rebound from the recent consolidation indicates that investors have begun to appreciate TRX's increasing importance. If the momentum continues, surpassing the $0.28 level could open the door to achieving several months' highs.