TRON hits 2.66M daily USDT Transactions, beats Ether
TL;DR Breakdown
- TRON leads USDT transfers with 2.66M daily txns, 85–90% of total activity.
- Tether minted $5B USDT last week, including $1B on Ethereum, post-Fed 25bps rate cut.
- BTC stays near $115.6K, TRON up 36% YTD at $0.346.
September has seen TRON cementing its role as the dominant network for USDT transactions. It went on to hit a new peak of 2.66 million daily transfers. It is more than six times Ethereum’s roughly 400,000 daily transactions. TRON’s share of total USDT activity remains impressively high at 85–90%. This highlights its continued importance for liquidity flows.
Analysts note that TRON’s consistently high daily transaction levels hint at a steady operational activity. This type of constant transaction flow often precedes liquidity movements on exchanges when market prices fluctuate. However, Ethereum has seen modest growth in USDT usage, but its activity remains far below TRON’s base level.
TRON’s low gas costs and rapid confirmation speeds have made it attractive for major players. Both retail and wholesale transactions look for deep integration with exchanges and wallets that use USDT as a settlement currency.
Tether’s USDT Supply Jumps
Meanwhile, Tether has ramped up issuance lately. It minted $5 billion in USDT over the past week to meet rising demand. On September 19, Onchain Lens reported an additional $1 billion minted on Ethereum.
A sudden issuance surge follows the Federal Reserve’s first interest-rate cut of 2025. The Chair Jerome Powell announced a 25-basis-point reduction. This move suggested a potential for further easing ahead. Lower borrowing costs often spur risk asset inflows. In such a situation, stablecoins like USDT benefit as more investors would like to enter the market or invest more.
The global crypto market held the $4 trillion cap easily. Bitcoin price remained marginally stable over the last 7 days. BTC is trading at an average price of $115,649 at the press time. TRON also followed a similar pattern. However, TRON is running up by 36% on YTD basis. It is trading at an average price of $0.346, at the press time. The Fed’s decision left Ether slowing down its rally. ETH price dipped by around 4% in the last 7 days to hover around $4,480.
The latest minting activity has also shifted the stablecoin distribution across blockchains. Ethereum now hosts $81 billion in USDT, or 45% of the total supply, slightly ahead of TRON with $78.6 billion (43.7%). Smaller portions remain on Binance’s BNB Chain and Solana. Overall, USDT continues to dominate the stablecoin sector. It makes up nearly 59% of the market with a circulating supply of $172 billion. Circle’s USDC holds a cap of almost $74 billion.
DeFiLlama data shows that Tron’s total value locked (TVL) is up by 4.3% over the last month to stand at $6.45 billion. However, Ether’s TVL spiked by 7% in the same period to hit $94.94 billion. Solana turns out to be the biggest gainer in this tally. Its DeFi TVL is up by 20% to hit $12.53 billion.
