Tron Overtakes Ethereum in USDT Dominance as On-Chain Activity Hits Record Highs
A CryptoQuant report reveals that Tron (TRX) — a low-cost, EVM-compatible Layer-1 blockchain — saw explosive growth across all on-chain metrics in the first half of 2025.
Transaction Surge: Daily transfer value climbed 67% YoY. In May 2025 alone, Tron processed 273M transactions across 28.7M addresses, the highest since 2023, averaging over 10 transactions per wallet.
Fee Milestone: June 2025 brought a record $308M in transaction fees, with the average cost holding at just $1.18.
TRX Momentum: More than 20B TRX (≈$5.4B) moved on-chain in June — a 61% YoY increase. Price climbed from $0.25 to $0.33, up 33% in 2025.
USDT Leadership: Tron now leads the stablecoin race with 80.8B USDT issued, overtaking Ethereum’s 73B. H1 2025 saw $21B USDT inflows, and on June 26, Tron processed $24.6B in USDT transactions — 2.7x Ethereum’s volume.
Tron’s combination of low fees, high throughput, and stablecoin dominance is cementing its position as a leading blockchain for payments and transfers.
