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Tron (TRX) has reached a significant milestone as its blockchain now hosts over $80 billion in Tether (USDT) stablecoins, marking it as the leading network for USDT issuance.
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Despite a decline in total value locked (TVL) on the Tron network, decentralized exchange (DEX) volumes have increased, signaling renewed on-chain trading activity and potential recovery for TRX.
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According to CryptoQuant analyst Maartunn, the steady growth of USDT supply on Tron since 2020 underscores the network’s expanding role in the stablecoin ecosystem, surpassing Ethereum’s USDT supply for the first time in three years.
Tron surpasses $80B USDT supply, becoming the top stablecoin network; TRX shows signs of recovery amid rising DEX volumes and technical consolidation.
Tron’s USDT Supply Surpasses $80 Billion, Cementing Its Dominance in Stablecoin Issuance
Tron’s blockchain has witnessed an unprecedented surge in Tether (USDT) issuance, with the circulating supply now exceeding $80 billion. This milestone not only highlights Tron’s growing prominence in the stablecoin market but also positions it ahead of Ethereum, which historically dominated USDT issuance. Since late 2020, Tron’s USDT supply has expanded nearly twelvefold, reflecting increased adoption and trust in the network’s scalability and transaction efficiency. This growth trajectory has been fueled by Tron’s low fees and fast confirmation times, making it an attractive platform for stablecoin transactions.
Decentralized Exchange Activity Indicates Renewed Market Engagement on Tron
While Tron’s total value locked (TVL) has contracted from approximately $7.5 billion in January to $4.3 billion as of mid-2025, decentralized exchange volumes tell a different story. Monthly trading volumes on Tron-based DEXs climbed from $4.9 billion in April to $5.5 billion in May, suggesting that traders are increasingly active despite the dip in locked assets. This uptick in trading activity could signal a shift in user behavior towards more liquid and flexible trading options, potentially supporting TRX price stability and growth in the near term.
Technical Analysis of TRX: Consolidation Near Key Support Levels with Potential for Breakout
TRX is currently trading at $0.2729, showing a modest 2.2% gain over the past 24 hours. The token’s price action reveals consolidation just below the 20-day simple moving average (SMA), while maintaining positions above critical exponential moving averages (EMAs) including the 10-, 30-, 50-, and 100-day EMAs. This technical alignment suggests underlying strength despite the sideways movement. The Bollinger Bands have narrowed slightly, indicating reduced volatility, and TRX is positioned near the middle band, reflecting equilibrium between buying and selling pressures.
Momentum Indicators Signal Mixed Sentiment with Potential Bullish Reversal
The relative strength index (RSI) hovers near 50, denoting neutral momentum. Meanwhile, momentum and bull/bear power indicators are generating buy signals, although the MACD remains marginally bearish. This mixed technical picture implies that while TRX is currently range-bound, a decisive move above the 20-day SMA and the $0.28 resistance level could trigger a bullish breakout. Such a move might open the path toward retesting the $0.30 to $0.32 price range. Conversely, failure to sustain support above $0.265 could expose TRX to further downside risk, potentially testing the lower Bollinger Band near $0.262.
Market Outlook and Strategic Considerations for TRX Investors
Investors should closely monitor TRX’s price action around the 20-day SMA and key support levels, as these will likely dictate the token’s short-term trajectory. The expanding USDT supply on Tron underscores the network’s growing utility and adoption, which could provide a fundamental tailwind for TRX. However, the decline in TVL highlights ongoing challenges in retaining locked capital, emphasizing the need for cautious optimism. Traders are advised to watch for volume confirmation accompanying any breakout to validate sustained momentum.
Conclusion
Tron’s achievement of surpassing $80 billion in USDT supply marks a pivotal moment in the stablecoin landscape, reinforcing its status as a leading blockchain for stablecoin issuance. Despite mixed signals from TVL and price momentum, increased DEX volumes and technical indicators suggest that TRX may be poised for a recovery phase. Careful observation of key technical levels and market dynamics will be essential for investors seeking to capitalize on Tron’s evolving position within the crypto ecosystem.
