- TRON has reached a USDT transfer volume of $691B, dominating the stablecoin transfer volume globally.
- In May, 27 whale wallets transferred $411B USDT in only 491 transactions.
- TRON dominates the USDT supply, leaving Ethereum and other blockchain networks far behind.
TRON network has broken a record in USDT transactions after hitting a figure of $691 billion. This record shows the rise of stablecoins and USDT in particular, which is spearheading the trend of crypto adoption. The network is currently processing the highest number of USDT transactions relative to other blockchain platforms.
Whales’ USDT Transactions Soar on TRON
This update is via a post by Maarten, a prominent CryptoQuant analyst, who posted detailed charts from CryptoQuant displaying the influx in activity. One graph monitors the number of interactions per month and the value transferred when using USDT on TRON, showing a high of $694.5 billion in May and a minor decline in June.
Source: X (@JA_Maartun)
It represents a particularly active time in terms of trading and transfers, with $411 billion of that amount belonging to large investors, so-called whales. A lot of this activity is being facilitated by these large actors.
27 whales facilitated more than half of the USDT volume on TRON in May, summing up to $411.2 billion across only 491 transactions.
The other chart displays the bigger picture of the transaction count of TRON over the years which is a gradual increase since 2018 to 2025. More than 10.5 billion transactions have been executed on the network. This figure is constantly increasing, in particular, with rising utilization of USDT.
TRON Leads in Stablecoin Dominance
Stablecoins, such as USDT, are playing a crucial role in cryptocurrency use by providing stability during fluctuations in the market. The success of TRON can also be confirmed by market capitalization: the network has the largest amount of this stablecoin in all chains at 75.7 billion USDT.
For comparison, it has $71.4 billion on Ethereum and $54.1 billion on other chains, as recent data shows. There have been also 17 mints of over $1 billion of USDT on the network this year, and that momentum is accelerating, since we are just halfway through 2025.
This increase is the indicator of a change in the use of crypto.
Source: X (@JA_Maartun)
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