• bitcoinBitcoin (BTC) $ 110,064.00
  • ethereumEthereum (ETH) $ 4,363.34
  • xrpXRP (XRP) $ 2.86
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 857.47
  • solanaSolana (SOL) $ 208.35
  • usd-coinUSDC (USDC) $ 0.999790
  • staked-etherLido Staked Ether (STETH) $ 4,354.80
  • dogecoinDogecoin (DOGE) $ 0.214088
  • tronTRON (TRX) $ 0.340507
  • cardanoCardano (ADA) $ 0.824281
  • wrapped-stethWrapped stETH (WSTETH) $ 5,283.17
  • chainlinkChainlink (LINK) $ 23.43
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,702.62
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,206.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 44.34
  • wrapped-eethWrapped eETH (WEETH) $ 4,680.65
  • suiSui (SUI) $ 3.34
  • stellarStellar (XLM) $ 0.364557
  • bitcoin-cashBitcoin Cash (BCH) $ 534.98
  • avalanche-2Avalanche (AVAX) $ 23.92
  • crypto-com-chainCronos (CRO) $ 0.293648
  • hedera-hashgraphHedera (HBAR) $ 0.230089
  • wethWETH (WETH) $ 4,369.11
  • leo-tokenLEO Token (LEO) $ 9.58
  • litecoinLitecoin (LTC) $ 109.78
  • usdsUSDS (USDS) $ 0.999821
  • the-open-networkToncoin (TON) $ 3.08
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 42.51
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,093.00
  • polkadotPolkadot (DOT) $ 3.80
  • uniswapUniswap (UNI) $ 9.60
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.56
  • moneroMonero (XMR) $ 262.42
  • daiDai (DAI) $ 0.999783
  • aaveAave (AAVE) $ 307.34
  • ethenaEthena (ENA) $ 0.648388
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.19
  • okbOKB (OKB) $ 164.20
  • ethereum-classicEthereum Classic (ETC) $ 20.85
  • jito-staked-solJito Staked SOL (JITOSOL) $ 255.67
  • bittensorBittensor (TAO) $ 320.02
  • nearNEAR Protocol (NEAR) $ 2.42
  • aptosAptos (APT) $ 4.30
  • ondo-financeOndo (ONDO) $ 0.908237
  • pi-networkPi Network (PI) $ 0.354814
  • usdt0USDT0 (USDT0) $ 1.00
  • internet-computerInternet Computer (ICP) $ 4.92
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,364.72
  • arbitrumArbitrum (ARB) $ 0.494532
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.244704
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 222.89
  • kaspaKaspa (KAS) $ 0.085354
  • cosmosCosmos Hub (ATOM) $ 4.57
  • vechainVeChain (VET) $ 0.024494
  • algorandAlgorand (ALGO) $ 0.238664
  • gatechain-tokenGate (GT) $ 17.01
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,965.57
  • fasttokenFasttoken (FTN) $ 4.53
  • susdssUSDS (SUSDS) $ 1.07
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.46
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,581.84
  • story-2Story (IP) $ 6.06
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029027
  • worldcoin-wldWorldcoin (WLD) $ 0.917808
  • render-tokenRender (RENDER) $ 3.49
  • sei-networkSei (SEI) $ 0.291228
  • kucoin-sharesKuCoin (KCS) $ 13.60
  • bfusdBFUSD (BFUSD) $ 0.998943
  • official-trumpOfficial Trump (TRUMP) $ 8.33
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,593.60
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.620524
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.51
  • black-phoenixBlack Phoenix (BPX) $ 1.10
  • bonkBonk (BONK) $ 0.000021
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,718.76
  • jupiter-exchange-solanaJupiter (JUP) $ 0.512806
  • filecoinFilecoin (FIL) $ 2.28
  • flare-networksFlare (FLR) $ 0.021429
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,158.00
  • skySky (SKY) $ 0.063376
  • usdtbUSDtb (USDTB) $ 0.999668
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999979
  • fourFour (FORM) $ 3.64
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,610.53
  • xdce-crowd-saleXDC Network (XDC) $ 0.076197
  • hash-2Provenance Blockchain (HASH) $ 0.027819
  • falcon-financeFalcon USD (USDF) $ 0.999815
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,681.79
  • injective-protocolInjective (INJ) $ 13.18
  • tether-goldTether Gold (XAUT) $ 3,415.42
  • celestiaCelestia (TIA) $ 1.65
  • nexoNEXO (NEXO) $ 1.23
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 236.02
  • optimismOptimism (OP) $ 0.697229
  • pyth-networkPyth Network (PYTH) $ 0.210247
  • paypal-usdPayPal USD (PYUSD) $ 0.999585
  • wbnbWrapped BNB (WBNB) $ 857.55
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997946
  • pump-funPump.fun (PUMP) $ 0.003290
  • blockstackStacks (STX) $ 0.630257
  • lido-daoLido DAO (LDO) $ 1.20
  • curve-dao-tokenCurve DAO (CRV) $ 0.762490
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999647
  • spx6900SPX6900 (SPX) $ 1.12
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 109,947.00
  • aerodrome-financeAerodrome Finance (AERO) $ 1.16
  • sonic-3Sonic (S) $ 0.318505
  • immutable-xImmutable (IMX) $ 0.524376
  • super-oethSuper OETH (SUPEROETH) $ 4,363.43
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • raydiumRaydium (RAY) $ 3.59
  • pax-goldPAX Gold (PAXG) $ 3,413.87
  • msolMarinade Staked SOL (MSOL) $ 274.26
  • the-graphThe Graph (GRT) $ 0.088527
  • conflux-tokenConflux (CFX) $ 0.179734
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,189.00
  • saros-financeSaros (SAROS) $ 0.348459
  • flokiFLOKI (FLOKI) $ 0.000094
  • kaiaKaia (KAIA) $ 0.148460
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,341.54
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.51
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,251.24
  • clbtcclBTC (CLBTC) $ 109,493.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,367.12
  • dogwifcoindogwifhat (WIF) $ 0.807796
  • pendlePendle (PENDLE) $ 4.78
  • fartcoinFartcoin (FARTCOIN) $ 0.798571
  • theta-tokenTheta Network (THETA) $ 0.787583
  • tezosTezos (XTZ) $ 0.744379
  • vaultaVaulta (A) $ 0.492863
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.15
  • iotaIOTA (IOTA) $ 0.192415
  • memecoreMemeCore (M) $ 0.456203
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.14
  • galaGALA (GALA) $ 0.016270
  • jito-governance-tokenJito (JTO) $ 1.98
  • ousgOUSG (OUSG) $ 112.35
  • jasmycoinJasmyCoin (JASMY) $ 0.014487
  • loaded-lionsLoaded Lions (LION) $ 0.022731
  • ripple-usdRipple USD (RLUSD) $ 0.999931
  • build-onBUILDon (B) $ 0.681553
  • newton-projectAB (AB) $ 0.009131
  • morphoMorpho (MORPHO) $ 2.06
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997567
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • zcashZcash (ZEC) $ 41.46
  • the-sandboxThe Sandbox (SAND) $ 0.274279
  • stader-ethxStader ETHx (ETHX) $ 4,650.03
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,685.97
  • flowFlow (FLOW) $ 0.405517
  • tbtctBTC (TBTC) $ 109,894.00
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,369.20
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,799.46
  • swethSwell Ethereum (SWETH) $ 4,784.14
  • usual-usdUsual USD (USD0) $ 0.998171
  • beldexBeldex (BDX) $ 0.075919
  • global-dollarGlobal Dollar (USDG) $ 0.999765
  • walrus-2Walrus (WAL) $ 0.388386
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.213929
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,041.00
  • vision-3Vision (VSN) $ 0.168401
  • decentralandDecentraland (MANA) $ 0.283243
  • bitcoin-svBitcoin SV (BSV) $ 25.83
  • syrupMaple Finance (SYRUP) $ 0.451681
  • ether-fiEther.fi (ETHFI) $ 1.08
  • frax-etherFrax Ether (FRXETH) $ 4,355.59
  • true-usdTrueUSD (TUSD) $ 0.997833
  • starknetStarknet (STRK) $ 0.127528
  • heliumHelium (HNT) $ 2.60
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 109,223.00
  • based-brettBrett (BRETT) $ 0.047697
  • neoNEO (NEO) $ 6.69
  • dydx-chaindYdX (DYDX) $ 0.609568
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,362.23
  • apecoinApeCoin (APE) $ 0.568330
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 229.62
  • usddUSDD (USDD) $ 0.999358
  • apenftAPENFT (NFT) $ 0.00000046
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007514
  • zksyncZKsync (ZK) $ 0.061071
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • sun-tokenSun Token (SUN) $ 0.022867
  • coredaoorgCore (CORE) $ 0.432634
  • savings-daiSavings Dai (SDAI) $ 1.16
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999924
  • telcoinTelcoin (TEL) $ 0.004632
  • arweaveArweave (AR) $ 6.51
  • dexeDeXe (DEXE) $ 7.41
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999809
  • thorchainTHORChain (RUNE) $ 1.20
  • wormholeWormhole (W) $ 0.088812

USDT Dominates Tron Network with 98.5% Share of Stablecoin Supply

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USDT Dominates Tron Network with 98.5% Share of Stablecoin Supply

The Tron network’s stablecoin market is witnessing a clear leader. USDT has established itself as the primary asset for value transfers and trading.

In fact, CryptoQuant’s latest analysis revealed the overwhelming dominance of USDT on the Tron network, which accounts for 98.5% of the total stablecoin supply.

USDT’s Market Share on Tron

With a circulating supply of $62.76 billion out of nearly $64 billion in stablecoins on the network, USDT has established itself as the cornerstone of Tron’s stablecoin ecosystem. Competing stablecoins hold only marginal shares, with USDC representing 0.06%, USDD at 1.15%, TUSD at 0.26%, and USDJ making up just 0.01% of the supply, as per the on-chain analytic platform’s findings.

Notably, the supply of other stablecoins has remained stagnant since March 2024. The same cannot be said for USDT which continued to expand while solidifying its market dominance. Beyond supply, USDT also plays a crucial role in Tron’s liquidity.

Its daily on-chain volume from centralized exchanges ranges between $4 billion and $5 billion, spiking during periods of high TRX price volatility. This indicates that USDT not only dominates the network’s stablecoin supply but also serves as a critical pillar for trading activity and value transfers across the Tron blockchain.

Data from IntoTheBlock further revealed that the Tron network currently processes over 14 million USDT transactions per week, which represents 69% of all USDT activity. This figure is a notable increase from 61% in late January.

Zero-Fee USDT Transactions on Tron

Tether’s USDT stablecoin is set to introduce commission-free transactions on the Tron blockchain, according to Tron founder Justin Sun’s recent post on X. The Gas Free feature will allow USDT transfers without requiring TRX tokens for gas fees, making transactions more accessible. Sun invited wallets and projects to integrate the feature through JustLend, which happens to be Tron’s official lending platform.

Tron has been known for its low-cost USDT transfers compared to Ethereum, but recent data shows it has become one of the most expensive networks for USDT, with gas fees ranging between $3.06 and $6.22 – significantly higher than Ethereum’s $0.14 fees. As such, the new Gas Free feature aims to restore Tron’s position as a cost-effective stablecoin network by eliminating the need for users to hold TRX for transactions.

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