- TRON surpasses Ethereum in USDT supply with $73.8B, highlighting the importance of low fees and fast transactions in blockchain adoption.
- Ethereum’s USDT growth slows as traders favor Layer-2 networks, while TRON’s efficiency reshapes liquidity flows across blockchains.
- At a $149B total USDT supply, TRON is the market share leader at 49.4%, reflecting a trend of stablecoin dominance towards cost-effective networks.
TRON has turned Ethereum on total USDT supply, a landmark in blockchain competition. TRON USDT market capitalization stood at $73.8 billion as of May 6, 2025, surpassing Ethereum at $71.9 billion. The flip signals changed dynamics in the stablecoin market and expanded the influence of scale and transaction velocity.
According to a report by CryptoQuant, TRON’s ascent began with steady growth in USDT issuance since mid-2023. The blockchain added over $14 billion in USDT supply in the first half of 2025, driven by low fees and fast transactions. Ethereum’s USDT supply, by contrast, has plateaued due to higher gas fees and increased reliance on Layer-2 solutions for scalability.
Strategic Shifts Reinforce TRON’s Dominance
TRON’s infrastructure and cost advantages have positioned it as a preferred platform for high-volume USDT transactions. Its consistent performance, reliable uptime, and minimal transaction costs attract large-scale issuers and traders seeking efficient settlement. This trend is reshaping liquidity flows across blockchains, with TRON emerging as a clear leader.
Parallel trends on Ethereum reveal a slowing pace of USDT growth as traders migrate to Layer-2 networks to mitigate costs. While Ethereum remains significant for decentralized finance (DeFi), shifting liquidity patterns introduce additional considerations. TRON’s gains demonstrate the impact of competitive cost structures on blockchain adoption.
Market Dynamics and Trading Insights
The combined supply in the stablecoin universe is currently more than $149 billion, with TRON and Ethereum controlling 98.2% of the market. TRON’s $73.8 billion share speaks to its dominance, while smaller blockchains contribute a combined $3.9 billion, suggesting a small but steady presence. These shifts show a competitive market controlled by scale and efficiency.
According to TradingView data, TRON (TRX) versus USDT on Binance stands at $0.2658, down 2.17% over a day. Volume is still at 475.6 million TRX, meaning investor interest is still high. Support is $0.2480, resistance is $0.2719, while technical indicators like RSI and MACD reflect continuous bullish pressure even after recent pullbacks.
This growing adoption signals pivotal transformations in the stablecoin market, with TRON’s performance reshaping network preferences. As blockchain scalability becomes increasingly vital, TRON’s cost-efficient model highlights its role in driving market expansion. Meanwhile, Ethereum faces mounting pressure to innovate as competition intensifies.
