Tron outpaces rivals in USDT activity
Tron outpaces rivals
Tron, the blockchain known for its affordability and accessibility, has emerged as the top network for USDT transactions, surpassing Ethereum, Solana, and Arbitrum in daily volume and raw transaction count.
The surge is driven almost entirely by peer-to-peer stablecoin transfers, with over 93% of all on-chain activity linked to USDT and other tokens used in wallet-to-wallet transactions, according to the Crypopolitan.
This momentum follows the recent rollout of zero-gas USDT transfers, which significantly reduced friction for everyday users. Tron now hosts over 64 million USDT-holding wallets and processes more than 2.38 million USDT transactions daily, with transfer volumes fluctuating between $14 billion and $28 billion, depending on market conditions.
Tron fees soar as adoption climbs
Despite a narrow focus on payments and limited engagement with DeFi protocols, Tron has generated record network fees—$818.3 million in the past quarter alone, and over $2.4 billion in 2024. This makes it the highest-earning Layer 1 blockchain by transaction fees, even outpacing all other chains combined.
Currently, over 71% of USDT on Tron is held by retail wallets, pointing to strong grassroots adoption. The network has also seen growth in daily active accounts, now topping 3 million, up from 2.5 million in January.
While Tron remains under scrutiny for the authenticity of its metrics and limited use cases beyond payments, its dominance in stablecoin activity is indisputable. Founder Justin Sun recently announced that the chain is nearing 300 million total wallets, promising a reward for the milestone user.
As Tron continues to scale, it reinforces its role as the go-to blockchain for low-cost, high-volume digital dollar transfers.
In 2024, the Tron network achieved $2.12 billion in revenue, a 115% increase from 2023. TRX token purchases contributed $329.57 million, up 115.73% year-over-year, according to TronScan.
