The How much is Solana worth now?Tron blockchain now hosts more USDT than any other network, even outpacing the total market cap of USDC.
Whale activity on Tron has spiked dramatically, with large transactions accounting for 65% of May's volume.
USDT contract interactions have become the most common transaction type on Tron this year.
Since its 2017 launch by Justin Sun, the Tron network has evolved into a preferred platform for both retail users and institutional players in digital assets. This shift comes as Tron's USDT reserves - the dollar-pegged stablecoin from Tether - continue expanding at a remarkable pace.
Tron's USDT Ecosystem Drives Network Growth
Analytics from CryptoQuant highlight staggering movement on Tron during May, with $694 billion worth of USDT changing hands across 89.33 million separate contract executions.
Breaking down these transfers reveals $691 million involved transactions exceeding $100. More significantly, whale movements dominated the flow, with transfers over $1 million constituting 65% of total volume at $455 billion.
Two primary factors fuel this activity: Tron's cost-efficient transaction model and its ballooning USDT reserves. Currently, Tron's stablecoin market cap stands at $79.044 billion, with USDT commanding over 99% share compared to USDD's $421 million.
Remarkably, Tron's $77.7 billion USDT supply now exceeds Ethereum's $73.2 billion holdings after recent minting activity. Even more striking, Tron's USDT circulation surpasses the entire market capitalization of Circle's USDC, which currently sits at $60.9 billion.
Additional context comes from World Liberty Financial's recent launch of its USD1 stablecoin on Tron, further expanding the network's stablecoin offerings.
Throughout 2025, Tron has processed 17 separate USDT mints each exceeding $1 billion. This expanding supply correlates with increased network utilization, as evidenced by Tron's lifetime transaction count surpassing 10.5 billion, averaging over 6 million daily transactions this year.
TRX Price Analysis: Resistance Holds as Support Test Looms
TRX faced rejection at the $0.30 level, resulting in a 4.51% single-day decline that formed a bearish engulfing candle pattern. This resistance zone previously created a double top formation in December 2024.
Technical indicators show weakening momentum, with the RSI dipping to 49 on daily charts. The MACD's recent bearish crossover after a false positive suggests continued volatility as TRX navigates between key levels.
The current trajectory suggests potential retest of $0.26 support, though a sustained close above $0.28 could signal renewed attempts to challenge the $0.30 resistance barrier.
