Crypto shake-up: Tron surpasses Ethereum as top player in digital currency market.
Tron Tops Ethereum: A Shockwave in the Crypto Market
For the first time, the Tron network has outpaced Ethereum in terms of Tether (USDT) supply, leading the crypto market. According to CryptoQuant data, the TRC-20 USDT supply on Tron reached an impressive $73.8 billion, surpassing Ethereum's $71.9 billion.
Riding the Wave of Advantages
Low transaction fees, swift block times, and unwavering network stability are the pillars driving Tron's rise. CryptoQuant analyst JA Maartun observed that this trend started in mid-2023, with the average USDT minting touching the $1 billion mark each month. By the first five months of 2025, over $14 billion in USDT was printed.
On the other hand, Ethereum users have been flocking to Layer 2 solutions to combat the high gas fees, stabilizing the network's USDT supply.
Tron's technological infrastructure is a major catalyst for its success. The network boasts an impressive block production efficiency of 99.7%. With 30 active Super Representatives, the top 24 produce 3.71% of all blocks, showcasing remarkable stability compared to Tron's early days.
A Shifting Landscape for Stablecoins
Tether's dominance in the stablecoin market is evident. Its total supply has exceeded $150 billion, securing a 62.05% market share. USDC and TUSD are trailing behind. Stablecoins are making inroads not just in the crypto world but also posing a challenge to traditional payment systems, facilitating an average weekly trading volume of $521.3 billion, surpassing Visa's and PayPal's transaction volumes during the same period.
A Global Usage Shift
According to Novaque Research, the shift to Tron isn't merely a technical preference, but also reflects changing global usage patterns. The research indicates that the usage of USDT is transitioning from individual small investors to medium-sized wallets, spanning $10,000 to $1 million. This trend suggests an uptick in over-the-counter (OTC) transactions, cross-border money transfers, and corporate payment systems.
Tron's local token, TRX, has performed modestly. At the 0.26 USD level, TRX saw a 2% drop in the last 24 hours, but weekly gains stood at 7.8%, and monthly gains at 6.7%. However, it's currently trading 38% lower than its peak of 0.43 USD, reached by the end of 2024.
**Claim Your Exclusive $600 Binance Gift (Exclusive for our website users): Sign up using this link and get your exclusive $600 bonus from BinanceDetails*** FacebookTwitterLinkedInTelegram[Note: This is a collaboration with Binance and not a sponsored or influenced content piece.]
Behind the Scene:
The factors that led to Tron's growth include:
- Lower transaction fees, making it more cost-effective for high-volume stablecoin transactions.
- Faster block times, enabling quicker transaction processing.
- Consistently reliable network, offering a stable and efficient environment for transactions.
- Scalability issues on Ethereum, causing users to migrate to other platforms like Tron or Ethereum Layer 2 solutions, leading to a plateauing of USDT supply on Ethereum.
In essence, while the significant milestone occurred in 2025, the foundational factors contributing to Tron's growth have taken effect since the middle of 2023.
And despite lower transaction fees, faster block times, and unwavering network stability on Tron, Ethereum investors are still exploring Financing options in the Technology sector to address their high gas fees, aiming to secure a rebalance in the USDT supply. Meanwhile, as the Tron network continues to gain momentum, the technology has started to attract interest from institutes dealing with Over-the-Counter (OTC) transactions, cross-border money transfers, and corporate payment systems.
