Tron Processes 70% of USDT P2P Transactions as TRX Volume Rises 35%

The Tron Network has emerged as a dominant force in facilitating USDT (Tether) transactions, with the blockchain processing over 70% of USDT transfers as direct peer-to-peer (P2P) activity, a significant shift from centralized exchange (CEX) dominance earlier in 2023. According to CryptoQuant data, daily P2P USDT transactions on Tron have tripled since 2023, while the CEX supply share of USDT dropped by 13% to approximately 40% of total value flows [1]. Despite this, CEXs still handle $10 billion in daily USDT-Tron transfers, though off-exchange transactions have surged to $15 billion per day, up from $5 billion in early 2023. This trend underscores Tron’s growing role in real-world applications such as remittances and lending [1].

Whale activity on Tron’s native token, TRX, has also intensified, with large players driving transaction volumes to 1.36 billion TRX, equivalent to $13.5 million at current prices. This surge suggests potential price volatility as whale behavior often signals market positioning. While TRX has seen a 0.95% one-day gain, it remains down 2.31% weekly. However, daily trading volume rose 35% to $1.9 billion, with analysts noting that sustained whale activity could bolster retail investor confidence [1].

Technical indicators present a mixed outlook. The TRX price is currently near $0.312, with a potential break above this level seen as a key catalyst for a rebound to $0.33. The Relative Strength Index (RSI) at 55 indicates the token is not yet overbought, leaving room for upward movement. Strategic developments, such as Tron’s integration of MoonPay for faster and cheaper transactions, further enhance the ecosystem’s appeal. Additionally, speculation around a U.S. reverse merger with Nasdaq-listed SRM Entertainment has pushed TRX up 3% following the announcement, though the outcome remains uncertain [1].

Investor sentiment appears cautiously optimistic, with 94% of Tron coin holders currently in profit, reflecting strong short-term momentum. However, the broader market context remains volatile, and the direct link between USDT transaction volume and TRX valuation is not explicitly outlined in recent data. While increased on-chain activity could drive network fees and utility demand for TRX, this remains speculative. Analysts emphasize the need to monitor on-chain metrics like daily active addresses and USDT transfer volumes to gauge long-term viability against competitors like Ethereum and Solana [1].

The Tron Network’s ability to maintain its leadership in USDT transactions and execute strategic upgrades may ultimately influence TRX’s price trajectory. Yet, with macroeconomic headwinds and fragmented market attention—evidenced by the struggles of niche projects like Bullieverse—Tron’s success will hinge on infrastructure resilience and ecosystem adoption rather than speculative fervor alone.

Source: [1] [Tron Network Turbocharging USDT Payments, Can TRX Price Rebound?](https://coinmarketcap.com/community/articles/68844cdf3ec7993ab9bbf8f2/)

[2] [TAC Bridged USDT (TAC) current price is](https://bravenewcoin.com/data-and-charts/assets/USDT/tac-bridged-usdt-tac)

[3] [Bullieverse current price is $0.0009105](https://bravenewcoin.com/data-and-charts/assets/BULL/bullieverse/USD)