Tron monthly transfers hit $132B, surging 34% in May
Tron monthly transfer volume hits ATH
In May, TRX — the native token of the Tron network — recorded a new all-time high in monthly transfer volume, increasing by 34% compared to April.
According to CryptoQuant analysts, a total of 490.3 billion TRX was transferred in May 2025, equivalent to approximately $132.4 billion at the current price of $0.27 per TRX.This represents a significant jump from April 2025, when 362.92 billion TRX were transferred — a 34% increase month-over-month.
Total TRX transfer ammount. Source: CryptoQuant
CryptoQuant notes that the surge signals strong user engagement and sustained demand for the Tron network.
TRX performed well in May, supported by solid on-chain fundamentals and price resilience. Data also indicated that TRX offered a relatively stable, low-risk investment profile, attracting steady inflows.
Last week, amid broad market turbulence driven by geopolitical tensions and shifting investor sentiment, TRX briefly dipped below $0.26 but quickly rebounded to around $0.27.
Tron surpasses Cardano in market cap
Tron also overtook Cardano to become the 9th largest cryptocurrency by market capitalization. Tron’s market cap climbed to nearly $26 billion, while Cardano’s dropped to $23 billion.
Stablecoin dominance in Latin America and Africa
On a broader scale, Tron has seen a major uptick in stablecoin activity, even surpassing Ethereum in total stablecoin volume. According to Artemis, Tron is now the most widely used blockchain for settling client value flows, followed by Ethereum, Polygon, and Binance Smart Chain.
In Latin America, Tron dominates stablecoin settlement — particularly in Colombia, Ecuador, and Brazil. In African markets, Tron and Ethereum share dominance, with Tron leading in 6 of the 10 analyzed countries, including Egypt, Ethiopia, Ghana, Mauritius, Morocco, and the Seychelles.
As we wrote, USDT on TRON exceeds supply on Ethereum
