Network Surpasses Ethereum in USDT Circulation with $75.8 Billion

TLDR

• TRX currently trades at $0.27, about 38% below its all-time high of $0.44
• Tron has overtaken Ethereum in USDT supply with $75.8 billion circulating on its network
• Daily USDT transaction volume on Tron reaches $23.4 billion with 2.4 million transactions daily
• Analysts project TRX could reach $0.70-$0.73 by end of 2025 and potentially $1 by 2026
• Tron’s growth is driven by lower transaction fees and faster settlement times compared to Ethereum

Tron (TRX) has emerged as a major player in the cryptocurrency market, currently ranking among the top ten by market capitalization. The cryptocurrency is trading at approximately $0.27, which remains about 38% below its all-time high of $0.44 reached in December 2024.

The digital asset has been moving sideways, establishing a critical support base around the $0.27 mark. Technical indicators suggest a potential breakout could push the price toward $0.30, though the Relative Strength Index (RSI) at 66 hints at a possible pullback first.

Tron has achieved a major milestone by overtaking Ethereum in USDT supply. The network now supports $75.8 billion worth of Tether in circulation, demonstrating its growing influence in the stablecoin space.

Daily transaction volume for USDT on the Tron network has reached an impressive $23.4 billion. This high volume reflects increased adoption and utility of the network for payments, transfers, and trading activities.

Data from CryptoQuant shows that Tron processes approximately 2.4 million USDT transactions daily. This vastly outpaces Ethereum, which handles only about 284,000 transactions per day.

Stablecoin Dominance Fuels Growth

At the close of Q1, Ethereum held 58% dominance in the stablecoin market compared to Tron’s 31% in a $200 billion market space. However, recent trends show a significant shift in user preference toward the Tron network.

The migration from Ethereum to Tron for stablecoin transfers can be attributed to Tron’s lower transaction fees and faster settlement times. These advantages make it more practical for users to conduct regular transactions on the network.

As more users turn to Tron for USDT transactions, demand for TRX increases since it’s used to pay transaction fees on the network. This growing demand could drive TRX price higher in the coming months.

The current trading volume has increased by 26.62% to $828.2 million, indicating strong investor activity. For TRX to reach the anticipated $0.30 mark, it must first overcome the resistance level at $0.28.

Long-Term Price Projections

Looking ahead to 2025, analysts express cautious optimism about Tron’s prospects. With continued development of the ecosystem, particularly features like gas-free transactions, TRX is expected to climb above $0.70 and potentially reach $0.73 by year-end.

For 2026, projections suggest Tron may finally cross the symbolic $1 threshold if bullish market sentiment persists and the platform expands its presence across decentralized applications. Price estimates for the year range between $0.60 and $1.10.

The years 2027 through 2030 could see even more substantial growth if market conditions remain favorable. By 2030, some analysts project an all-time high of $3.55, though more conservative estimates place the average price around $2.69.

TRX must first breach the $0.28 resistance level to witness a breakout toward $0.30 and potentially $0.35. The current momentum in trading volume suggests this could happen in the near term if the ecosystem sustains its growth.

Tron’s dominance in the stablecoin space has earned it what CryptoQuant calls the “stablecoin crown.” This position as the leader in stablecoin usage, especially for USDT, puts Tron in a strong position for future growth.

Crypto analyst Willy Woo has noted that Tether will likely become the “#1 holder of U.S. treasuries” as the crypto market expands. With Tron being the preferred network for USDT transactions, this could further drive demand for TRX.

As of May 20, 2025, Tron price was trading up slightly by 0.23% at $0.2656 after reaching a peak of $0.268 in its approach toward the $0.30 level.