Tron Surpasses Ethereum in USDT Supply Amid Strong On-Chain Growth
The Tron (TRX) blockchain network has officially surpassed Ethereum in total USDT in circulation, marking a notable turning point in the competition in the stablecoin market.
According to the latest data shared on May 12 by CryptoQuant contributor Maartunn, on May 6, the total USDT supply on Tron reached $73.8 billion, while Ethereum recorded $71.9 billion. This is the first time Tron has taken the lead in USDT issuance after nearly two years of continuous and steady growth.
Tron Booms Thanks to Low Fees, High Speed
The main driving force behind Tron's remarkable growth is its attractive technical characteristics:
Low transaction fees,
Fast transaction confirmation,
High network stability.
Since mid-2023, the TRC-20 network – Tron’s token standard – has become the top choice for minting USDT. In the first 6 months of 2025 alone, more than $14 billion USDT has been issued on this network.
Ethereum loses ground due to high fees and slow speed
Meanwhile, Ethereum – the platform that used to be the “cradle” of stablecoins – is gradually losing its dominance in this field. The problems of high gas prices and slow processing times have caused many users and organizations to switch to Tron or Layer-2 solutions such as Arbitrum, Optimism to save costs.
Tron ecosystem continues to expand strongly
Not only USDT, the Tron ecosystem is witnessing comprehensive growth:
Daily transactions reach more than 8.4 million.
Total transactions surpass 10 billion.
April DEX trading volume increased from $3.4 billion to $4.9 billion, up 40% month-on-month.
Total value locked (TVL) has surpassed $5 billion, indicating strong confidence from DeFi investors and users.
New developments: Stablecoin integration & Gas Free feature
On May 1, World Liberty Financial announced the integration of its $1 stablecoin into the Tron network – a move to enhance the utility of the ecosystem. During the TOKEN2049 event in Dubai, Tron also introduced the Gas Free feature, allowing users to make transactions without holding TRX to pay fees, opening up a new approach for ordinary users.
TRX on the rise, Justin Sun expects new ATH
At the time of writing, TRX is trading at $0.2618, up more than 6% over the past week. Founder Justin Sun expressed optimism that TRX could reach a new all-time high this quarter, highlighting the network’s steady growth as well as its growing correlation with Bitcoin.
Conclusion
Tron surpassing Ethereum in USDT supply is not only a memorable milestone, but also reflects an important shift in the stablecoin and DeFi space. With a strategy focused on cost efficiency and user experience, Tron is proving that it is not just a competitor but a true emerging decentralized finance hub.
