Picture this: Tron, the scrappy underdog of crypto, has just lapped Ethereum in the stablecoin marathon. Yes, USDT on Tron has zoomed past Ethereum with a jaw-dropping $73.8 billion in circulation—like that one cousin who suddenly became famous for no apparent reason. 😏
CryptoQuant, our ever-watchful oracle, reveals that Tron’s TRC-20 network is now the go-to corridor for USDT, charming emerging markets with lower fees and speedy block times. Meanwhile, Ethereum seems to be sulking, burdened by gas fees and the funk of users fleeing to Layer 2 solutions.
Tron’s Secret Sauce
Our pal JA Maartun from CQ suggests Tron’s meteoric rise could be chalked up to a delightful mix of efficiency, speed, and a network that rarely throws a tantrum. Since mid-2023, at least $1.0 billion in new USDT has been minted as if it were going out of style—$14 billion in the first five months of 2025 to be exact. One might wonder if Tron secretly hired a team of wizards.
In stark contrast, Ethereum’s supply growth has stalled—apparently, high gas fees are an even bigger buzzkill than your Aunt Marge at last year’s family reunion.
Tron also boasts a remarkably reliable network, with CryptoQuant proclaiming its block production efficiency at a near-perfect 99.7%. The Super Representative (SR) system is as stable as a well-aged wine, with 30 SRs diligently keeping the crypto party alive and 24 of them producing a neat 3.71% of total blocks. Not quite the wild west of Tron’s early days, but more refined—like switching from cheap beer to artisanal craft brews. 🍻
The drama intensifies as Tron’s stablecoin transfers continue to crush the competition. USDC and TUSD are taking a back seat following Tether’s overwhelming reign: a whopping 62.05% share and over $150 billion in circulation, leaving rival stablecoins looking as outdated as dial-up internet.
To make matters even more surreal, stablecoins are now processing an average of $521.3 billion in transactions every week in 2025. That’s not just a few extra zeros—Visa and PayPal are practically gasping in disbelief. 😂
The Curious Case of the Shifting Wallet
Enter Novaque Research, who points out that Tron’s mass migration isn’t merely a technical hiccup, but a full-blown global adoption trend. It seems the USDT crowd has evolved from quaint retail holders to mid-sized wallets stuffed with $10,000 to $1 million each—clearly, the crypto elite now frequent the OTC desks, remittance platforms, and payment aggregators. Who knew money could be so fashionable?
And yet, while Tron’s network is busy stealing the limelight, its native TRX token plays the role of the humble sidekick. Trading at a modest $0.26 now—down a bit in the last day yet up over the week and month—the TRX token reminds us that even in a spectacular rise, some stars choose to twinkle quietly. Once peaking above $0.43, it now lounges at a level that’s roughly 38% lower than its glory days.
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2025-05-13 22:18