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Tron (TRX) has emerged as a frontrunner in cryptocurrency transfers, highlighting a remarkable surge in adoption and market presence.
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In a notable turn of events, TRX has overtaken Cardano’s market cap, marking its ascent within the competitive crypto landscape.
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“Tron has cemented its place as a leader in stablecoin transfers, surpassing Ethereum, according to recent reports from COINOTAG,” a financial analyst stated.
Tron’s TRX token soars in popularity, achieving record transfer volumes and overtaking Cardano in market capitalization; what’s next for Tron?
Tron (TRX) Monthly Transfer Volume Soars to Record High
According to data from CryptoQuant, an astonishing 490.3 billion TRX tokens were transferred in May 2025. This substantial figure not only sets a new monthly record for the network but also highlights the increasing utility and adoption of TRX.
“At the current price of approximately $0.247 per TRX, this equates to a total transfer volume of about $121.2 billion USD,” an analyst’s post read.
The monthly transfer volume exhibited a significant increase of approximately 34% from April 2025, which saw around 362.92 billion transfers. Year-on-year, the growth is remarkable, with transfer volumes escalating by nearly 990% from May 2024, which recorded just 45 billion TRX.
This meteoric rise underscores Tron’s growing influence, particularly within the realm of stablecoin transactions. A prior report from COINOTAG identified Tron as the leading blockchain for global payments.
Tether (USDT) constitutes the majority of transactions within the Tron network, and it has successfully overtaken Ethereum (ETH) in USDT transfer volumes, consistently achieving higher daily transfers since mid-2022.
Furthermore, a recent Artemis report corroborated Tron’s dominance in stablecoin transaction volumes across various regions, including Latin America, Africa, North America, Europe, and Asia.
“The most popular blockchains for settling customer flows, based on the value sent, are Tron, followed by Ethereum, Polygon (L2), and Binance Smart Chain,” the report stated.
Additionally, the growth is mirrored in market performance metrics. As of this reporting, TRX’s market capitalization surged to $25.6 billion, overtaking Cardano’s $24.1 billion, pushing it to the ninth position among cryptocurrencies.
Tron $TRX has flipped Cardano $ADA by market cap, now ranked #9 with a market cap of over $25.6B.📈 pic.twitter.com/0I46fHOaXx
— Moby Media (@mobymedia) June 2, 2025
In further developments, COINOTAG data indicates that TRX’s price has increased by 8.8% over the past month, currently trading at $0.27.
Analyst Lennaert Snyder recently shared a bullish perspective for TRX on the social media platform X, identifying a technical pattern suggesting significant upside potential.
His analysis suggests that if TRX breaks out from an identified ascending triangle pattern, its price could exceed $1.
Notably, TRX would need to experience an approximate 270.3% increase from its current price to reach the coveted $1 target.
Conclusion
The recent developments surrounding Tron’s TRX token mark a pivotal shift in its market positioning, as it gains momentum in transfer volumes and overall adoption. With a clear bullish sentiment among analysts, the next phases of growth could redefine its trajectory within the cryptocurrency sector.
