Tron (TRX) Surpasses Ethereum in USDT Supply

Tron (TRX) Surpasses Ethereum in USDT Supply and Transaction Volume as Nasdaq Listing Fuels Steady Growth

Tron Hits Major Network Milestones Amid Nasdaq Listing, Driving Growing Demand for TRX

On July 24th, Justin Sun, founder of Tron, marked a high-profile moment by ringing the opening bell at Nasdaq, celebrating the company’s listing. Yet beyond the headlines and ceremonial fanfare, Tron’s blockchain network has quietly been achieving significant milestones that highlight its rising influence in the crypto space.

With over $2 billion in cumulative fees generated, more than 14 billion transactions processed, and a hosting volume exceeding $80 billion in USDT stablecoins, Tron has not only solidified its position as a major blockchain but has also surpassed Ethereum in both stablecoin supply and daily transfer volume—a remarkable feat in the highly competitive ecosystem.

Consistent Fee Growth Reflects Steady Network Usage

Tron’s rise in cumulative network fees tells a story of sustained growth rather than hype-driven bursts. Data from CryptoQuant shows a consistent upward trend throughout 2024, underscoring that the blockchain’s increasing activity stems from real usage rather than speculation.

Since network fees are predominantly paid in TRX, this ongoing fee growth directly correlates with increasing demand for Tron’s native token, creating a virtuous cycle where more transactions fuel higher TRX utility and value.

Tron Outpaces Ethereum in USDT Supply and Transfers

One of Tron’s standout achievements is its handling of USDT, the leading stablecoin in the market. Tron currently hosts over $80 billion in USDT, with a striking $22 billion minted just in 2025, reflecting strong demand for fast and cost-effective stablecoin transfers.

This volume not only highlights Tron's robust liquidity but also places it ahead of Ethereum, which has experienced slower USDT growth over the same period. Tron’s lower fees and faster confirmation times have made it a preferred platform for stablecoin users, particularly in sectors like decentralized finance (DeFi) and payments.

Transaction Volume Surges Past 14 Billion, Doubling Bear Market Activity

Transaction data further solidifies Tron’s impressive performance. The network has processed over 14 billion transactions to date, with daily activity averaging between 8 to 9 million transactions—nearly double the daily throughput seen during the last bear market.

Ethereum Surpasses Tron in USDT Transfers

Complementing this high transaction count is a daily USDT transfer volume exceeding $20 billion, which dwarfs Ethereum’s $16 billion. This dominance in stablecoin transfers illustrates Tron’s pivotal role in facilitating large-scale, high-frequency crypto transactions.

TRX Price Reaction: Strong Fundamentals Back Growth

In the wake of Tron’s Nasdaq debut, TRX has exhibited steady price appreciation, particularly evident on the hourly charts. Volume profiles reveal strong accumulation between $0.316 and $0.318, while the Chaikin Money Flow (CMF) indicator remains positive, suggesting sustained buying pressure.

While the Nasdaq listing certainly sparked market interest, the underlying driver appears to be Tron’s growing network utility. As most fees on Tron are paid in TRX, the increasing transaction volumes and surge in stablecoin activity are naturally boosting demand for the token itself.

This alignment of both hype and fundamental growth paints a promising picture for TRX, suggesting that the token’s price appreciation is backed by genuine network adoption rather than mere speculation.

Key Takeaways: Why Tron’s Milestones Matter

$2 Billion in Cumulative Fees: Reflects consistent and growing network usage, fueling TRX demand.
Over 14 Billion Transactions Processed: Highlights Tron’s scalability and high throughput capacity.
$80 Billion USDT Hosted: Surpasses Ethereum in stablecoin supply, showcasing Tron’s dominance in stablecoin transactions.
Daily Transaction Volume at 8-9 Million: Demonstrates increased activity and network adoption.
TRX Price Gains Supported by Fundamentals: Rising network fees and stablecoin transfers underpin token demand beyond market hype.

What’s Next for Tron and TRX?

Tron’s recent achievements position it as a formidable player in the blockchain landscape, particularly in stablecoin transactions and high-frequency transfers. As the network continues to scale and attract liquidity, TRX’s utility is likely to expand, potentially supporting further price appreciation.

Investors and users should watch for:

Continued growth in transaction volume and fee generation.
Expansion of USDT minting and transfers on the Tron blockchain.
Market response to Tron’s innovations, partnerships, and ecosystem developments.

Conclusion: Tron’s Nasdaq Listing Marks a Milestone, But Network Fundamentals Drive Real Growth

While the Nasdaq bell-ringing event brought Tron into the limelight, the true story lies in its consistent network growth and leadership in stablecoin transactions. By surpassing Ethereum in critical metrics like USDT supply and daily transaction volume, Tron is carving out a distinct competitive edge.

As TRX demand is intrinsically linked to network activity, the token’s price movement reflects these strong fundamentals, making it a cryptocurrency to watch closely amid evolving market dynamics.