Ethereum News Today: TRON Surpasses Ethereum as Leading USDT Blockchain, 35% Growth in 2025 Driven by Gasless Transactions

TRON has surpassed Ethereum as the leading blockchain for USDT liquidity, with a stablecoin supply of $80.8 billion compared to Ethereum’s $73.8 billion, according to a report from CryptoQuant. This marks a 35% increase in TRON’s USDT holdings since the start of 2025, positioning the network as the primary infrastructure for stablecoin transactions. Daily USDT transaction volumes on TRON range between 2.3 to 2.4 million, approximately sixfold higher than Ethereum’s, while the network processes over $24.6 billion in USDT per day in value terms [1].

The shift underscores TRON’s dominance in stablecoin activity, with 98% of the top 10 token transfers on the network in the first half of 2025 being USDT-related, totaling 384 million transactions. This growth is driven by TRON’s gasless transaction model, which accounts for 75% of all activity on the network as of May 2025, up from 60% in late 2023. The removal of entry costs has attracted users seeking low-friction on-chain interactions, contributing to a record 28.7 million active addresses in June 2025—the highest since mid-2023 [1].

TRON’s decentralized finance (DeFi) ecosystem has also expanded, with SunSwap processing over $3.8 billion in swap volume in May 2025 and maintaining monthly averages above $3 billion. While WTRX remains the leading token for swaps, its market share has declined from 98% to 70%, reflecting increased use of stablecoins and other assets. Lending protocol JustLend has seen a 23% rise in borrowing transactions compared to 2024 levels, driven primarily by USDT and USDD, further cementing the network’s role in DeFi [1].

Despite the prevalence of gasless transactions, TRON’s fee revenue hit a record $308 million in June 2025. This indicates a maturing ecosystem where advanced services, particularly in DeFi, generate value beyond simple transfers. The network’s ability to scale gas-free usage while maintaining robust fee revenue highlights its strategic position in the evolving stablecoin market [1].

The broader stablecoin market reached $252 billion in supply by mid-2025, with USDT maintaining its liquidity leadership on TRON. Meanwhile, USDC has narrowed the gap by securing regulatory licenses and expanding its supply to $61 billion [1].

The report suggests TRON’s infrastructure advantages—low costs, scalability, and growing DeFi adoption—are reshaping the stablecoin landscape. However, Ethereum’s enduring role in the broader crypto ecosystem remains significant, with its smart contract capabilities and ecosystem diversity still attracting developers and users. The competition between the two networks may accelerate innovation in cross-chain interoperability and stablecoin utility, though TRON’s current metrics indicate a strong foundation for sustained growth.

Source: [1] [TRON Tops Ethereum in USDT Liquidity, Driving New Wave of Onchain Activity:CryptoQuant] [https://cryptonews.com/news/tron-tops-ethereum-in-usdt-liquidity-driving-new-wave-of-onchain-activitycryptoquant/]