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Key Takeaways:
- Tron has overtaken Ethereum in both USDT supply and transfer volume, with $80B issued and $20B transferred daily.
- Transaction activity and fee revenue have grown steadily, indicating long-term adoption.
- TRX demand is rising, thanks to its role in powering the network’s record-setting activity.
Tron founder Justin Sun made headlines on July 24 by ringing the Nasdaq opening bell to celebrate the company’s listing milestone. But beyond the ceremony, the Tron blockchain is steadily building a powerful case for real-world utility—particularly through sustained growth in stablecoin usage, transaction activity, and fee generation.
With over 14 billion transactions, $2 billion in cumulative network fees, and more than $80 billion in USDT circulating on its chain, Tron is beginning to outpace Ethereum in several key metrics. And the native token TRX is reflecting this rising demand.

$2B in Cumulative Fees: A Steady Signal of Network Health
Tron’s fee revenue crossed the $2 billion mark in 2024—not through hype-driven spikes, but thanks to a consistent climb throughout the year. Unlike many blockchains that see volatile swings, Tron’s steady increase in transaction fees reflects sustainable user demand.
This matters for TRX, as most network fees are paid in the native token. Rising fees equate to rising demand, fueling organic utility and potentially strengthening price floors.
Tron USDT Supply Dominates Ethereum
A standout statistic from 2025 is Tron’s dominance in stablecoin circulation. With over $80 billion in USDT now issued on the Tron network—and $22 billion minted this year alone—Tron has surpassed Ethereum in both supply and daily transfer volume.
The appeal? Tron offers cheaper, faster transfers for stablecoins, attracting exchanges, fintech apps, and DeFi users seeking efficiency. It now facilitates over $20 billion in daily USDT transactions, outpacing Ethereum’s $16 billion.
Also Read: Dogecoin Plunges 12% as $0.24 Resistance Holds Strong Amid Broader Crypto Sell-Off
Transaction Volume Hits 14 Billion, TRX Shows Strength
Tron has processed over 14 billion transactions in total, with current daily throughput hovering around 8–9 million. That’s nearly double the activity seen during the last bear cycle—suggesting growing user adoption even in market downturns.

TRX has responded positively post-Nasdaq appearance. Accumulation zones between $0.316 and $0.318 indicate strong buyer interest, while positive Chaikin Money Flow (CMF) confirms capital inflow. Though the listing drove attention, it’s the rising real-world usage that’s powering the token.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
